Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 8 - Banning or disqualification of persons from providing financial services  

Subdivision A - Banning orders  

SECTION 920F   STATEMENT OF REASONS  

920F(1)   [ Banning order]  

A banning order given to a person must be accompanied by a statement of reasons for the order.

920F(2)   [ Variation]  

If ASIC varies a banning order made against a person, ASIC must, on request by the person, give the person a statement of reasons for the variation.