Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_920b
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 920B
Character Range: 330401–331115

920B  What is a banning order?

 (1) A banning order is a written order that prohibits a person from providing any financial services or specified financial services in specified circumstances or capacities.

 (2) The order may prohibit the person against whom it is made from providing a financial service:
 (a) permanently; or
 (b) for a specified period, unless ASIC has reason to believe that the person is not of good fame or character.

 (3) A banning order may include a provision allowing the person against whom it was made, subject to any specified conditions:
 (a) to do specified acts; or
 (b) to do specified acts in specified circumstances;
that the order would otherwise prohibit them from doing.