Corporations Act 2001
(a) cancels an Australian financial services licence held by the person; or
(b) makes a banning order against the person that is to operate permanently. 921A(2) [ Court may make orders]
(a) an order disqualifying the person, permanently or for a specified period, from providing any financial services, or specified financial services, in specified circumstances or capacities; or
(b) any other order the Court considers appropriate. 921A(3) [ Variation or revocation]
The Court may revoke or vary an order made under subsection (2).921A(4) [ Effect of order]
A person against whom such an order is made cannot be granted an Australian financial services licence contrary to the order.921A(5) [ Licensed market or CS facility]
If the Court makes or varies an order under this section in relation to a person who is a participant in a licensed market or a licensed CS facility, ASIC must give the operator of the market or facility written notice of the making of the order or the variation.