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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 834

Effect and publication of orders under this Division

(1) An order by ASIC under this Division takes effect when served on the person to whom the order relates. (2) As soon as practicable on or after the day on which an order by ASIC under this Division takes effect, ASIC must publish in the Gazette a notice that sets out a copy of:

(a)
if the order is made under section 824, 825, 826, 827 or 830 or revokes a banning order—the first-mentioned order; or

(b)
if the order varies a banning order—the banning order as in force immediately after the first-mentioned order takes effect;

and states that the first-mentioned order, or the banning order as so in force, as the case may be, took effect on that day.

(3) Where:

(a)
but for this subsection, subsection (2) would require publication of a notice setting out a copy of a banning order as in force at a particular time; and

(b)
the banning order as so in force includes a provision that permits a person as mentioned in subsection 831(1); and

(c)
in ASIC's opinion, the notice would be unreasonably long if it set out a copy of the whole of that provision;

the notice may, instead of setting out a copy of that provision, set out a summary of the provision's effect.



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