Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 840

840. (1) This section applies where, immediately before the commencement of
section 838, a person was, for the purposes of subsection 60 (5) of the
Securities Industry Act 1980 or a law corresponding to that subsection,
disqualified, or deemed to be disqualified, either permanently or for a
period, because of an order of an Australian court, from holding a licence
under that Act or a corresponding law.

(2) As from that commencement, the order has effect for the purposes of this
Act as if it were:

   (a)  in force under subsection 838 (2);

   (b)  an order disqualifying the person, permanently or for that period, as
        the case may be, from holding a dealers licence or an investment
        advisers licence; and

   (c)  an order prohibiting the person, permanently or for that period, as
        the case may be, from doing an act as a representative of a dealer or
        of an investment adviser.

(3) The effect that the order has by force of subsection (2) is in addition
to, and does not prejudice, its effect otherwise than by force of that
subsection.