(1) Subject to sections 833 and 837, this section has effect where a person applies to ASIC to vary or revoke a banning order relating to the person. (2) If:
(3) Otherwise, ASIC must refuse the application. (4) In determining whether or not it has reason to believe as mentioned in paragraph (2)(b) or (c), ASIC must have regard to any conviction of the person, during the 10 years ending on the day of the application, of serious fraud. (5) Nothing in subsection (4) limits the matters to which ASIC may have regard: