Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 827

827. (1) Subject to section 837, where:

   (a)  section 824 or 825 empowers the Commission to revoke a licence
        otherwise than because the licensee has asked for the revocation; or

   (b)  the Commission is empowered by virtue of paragraph 826 (1) (c), (d),
        (f), (g), (h), (j) or (k) to revoke a licence; the Commission may, if
        it considers it desirable to do so, instead:

   (c)  by written order, suspend the licence for a specified period; or

   (d)  by written order, prohibit the licensee, either permanently or for a
        specified period, from doing specified acts, being acts that
        section 780 or 781 would prohibit the licensee from doing if he, she
        or it did not hold the licence.

(2) The Commission may at any time, by written order, vary or revoke an order
in force under this section.

(3) For the purposes of sections 780, 781, 806 and 807, a licensee shall be
deemed not to hold the licence at any time during a period for which the
licence is suspended.

(4) Where an order in force under this section prohibits the licensee as
mentioned in paragraph (1) (d):

   (a)  the licensee shall not contravene the order; and

   (b)  in relation to the doing by a person, as a representative of the
        licensee, of an act specified in the order, sections 806 and 807
        apply, or apply during the period specified in the order, as the case
        requires, as if the licensee did not hold the licence.