Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.4 - LIMITS ON INVOLVEMENT WITH LICENSEES  

Division 2A - Financial market infrastructure banning orders  

Subdivision B - Matters relating to financial market infrastructure banning orders  

SECTION 853S   STATEMENTS OF REASONS  

853S(1)    
An FMI banning order given to an individual must be accompanied by a statement of reasons for the order.

853S(2)    
If ASIC varies an FMI banning order made against an individual, ASIC must, on request by the individual, give the individual a statement of reasons for the variation.