Document ID: chunk:federal_register_of_legislation:C2025C00185:section:920d
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 920D
Character Range: 3760695–3761674

920D  Variation or cancellation of banning orders
 (1) ASIC may vary or cancel a banning order, by giving written notice to the person against whom the order was made, if ASIC is satisfied that it is appropriate to do so because of a change in any of the circumstances based on which ASIC made the order.
 (2) ASIC may do so:
 (a) on its own initiative; or
 (b) if the person against whom the order was made lodges with ASIC in a prescribed form an application for ASIC to do so, which is accompanied by the documents, if any, required by regulations made for the purposes of this paragraph.
Note: For fees in respect of lodging applications, see Part 9.10.
 (3) If ASIC proposes not to vary or cancel a banning order in accordance with an application lodged by a person under paragraph (2)(b), ASIC must give the person an opportunity:
 (a) to appear, or be represented, at a hearing before ASIC that takes place in private; and
 (b) to make submissions to ASIC on the matter.