Document ID: chunk:federal_register_of_legislation:C2020A00003:clause:4_17
Version: federal_register_of_legislation:C2020A00003
Segment Type: clause
Provision Reference: sch 4 cl 17
Character Range: 87202–88322

17  Subsections 920B(1) and (2)
Repeal the subsections, substitute:
 (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.