Statute
Section 920C — Corporations Act 2001: Effect of banning orders
Text of the provision Official document
(1) A person against whom a banning order is made cannot be granted an Australian financial services licence contrary to the banning order. (2) A person against whom a banning order is made must not engage in conduct in breach of the banning order. Fault-based offence (3) A person commits an offence if the person contravenes subsection (2). Civil liability (4) A person contravenes this subsection if the person contravenes subsection (2). Note: This subsection is a civil penalty provision (see section 1317E).
Official source: Federal Register of Legislation
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