Document ID: chunk:federal_register_of_legislation:C2025C00185:section:920b
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 920B
Character Range: 3758785–3760143

920B  What a banning order prohibits
 (1) A banning order made against a person may specify that the person is prohibited from doing one or more of the following:
 (a) providing any financial services;
 (b) providing specified financial services in specified circumstances or capacities;
 (c) controlling, whether alone or in concert with one or more other entities, an entity that carries on a financial services business;
 (d) performing any function involved in the carrying on of a financial services business (including as an officer, manager, employee, contractor or in some other capacity);
 (e) performing specified functions involved in the carrying on of a financial services business.
 (2) The banning order may specify that a particular prohibition specified in the order applies against the person:
 (a) if the sole ground for the banning order is because paragraph 920A(1)(k) applies—for a specified period of up to 5 years; or
 (b) otherwise—either permanently or for a specified period.
Note: This subsection applies separately to each prohibition specified in the order.
 (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.