(1) Where this Division empowers ASIC to make a banning order against a
person, ASIC may, by written order, prohibit the person:
- (a)
- in any
case—permanently; or
- (b)
- except where ASIC is empowered by virtue of paragraph 1193(e) to make the
order—for a specified period;
from doing an act as:
- (c)
- a representative of a futures broker; or
- (d)
- a representative of a futures adviser; or
- (e)
- a representative of a futures broker or a futures adviser;
whichever the order specifies.
(2) ASIC must not vary or revoke a banning order except under
section 1195, 1196 or 1197.
Commonwealth Numbered Acts