National Consumer Credit Protection Act 2009

CHAPTER 2 - LICENSING OF PERSONS WHO ENGAGE IN CREDIT ACTIVITIES  

PART 2-4 - BANNING OR DISQUALIFICATION OF PERSONS FROM ENGAGING IN CREDIT ACTIVITIES  

Division 2 - Banning orders  

SECTION 85   STATEMENT OF REASONS  

85(1)   [ Must include statement of reasons]  

A copy of a banning order given to a person must be accompanied by a statement of reasons for the order.

85(2)   [ Statement of reasons for variation]  

If ASIC varies a banning order made against a person, ASIC must, on request by the person, give the person a statement of reasons for the variation.