Document ID: chunk:federal_register_of_legislation:C2010A00044:clause:2_7
Version: federal_register_of_legislation:C2010A00044
Segment Type: clause
Provision Reference: sch 2 cl 7
Character Range: 41249–42142

7  Before subsection 86E(2)
Insert:
 (1B) On application by the Commission, the Court may make an order disqualifying a person from managing corporations for a period that the Court considers appropriate if:
 (a) the Court is satisfied that the person has committed, has attempted to commit or has been involved in a contravention of:
 (i) a provision of Part IVA; or
 (ii) a provision of Division 1 or 1AAA of Part V (other than section 52); or
 (iii) subsection 65C(1) or (3), 65D(1) or 65F(8), section 65G or subsection 65Q(9), (9C) or (10) or 65R(1); or
 (iv) a provision of Part VC; and
 (b) the Court is satisfied that the disqualification is justified.
Note: Section 206EA of the Corporations Act 2001 provides that a person is disqualified from managing corporations if a court order is in force under this section. That Act contains various consequences for persons so disqualified.