Corporations Act 2001
A banning order is a written order that prohibits a person from providing any financial services or specified financial services in specified circumstances or capacities.920B(2) [ Effect]
(a) permanently; or
(b) for a specified period, unless ASIC has reason to believe that the person is not of good fame or character. 920B(3) [ Order may allow prohibited acts]
(a) to do specified acts; or
(b) to do specified acts in specified circumstances;
that the order would otherwise prohibit them from doing.