THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

SECTION 1194 NATURE OF BANNING ORDER

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1194(1) [Scope of banning orders]

Where this Division empowers the Commission to make a banning order against a person, the Commission may, by written order, prohibit the person:

(a) in any case - permanently; or

(b) except where the Commission 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;

(d) a representative of a futures adviser; or

(e) a representative of a futures broker or a futures adviser;

whichever the order specifies.

1194(2) [Variation or revocation]

The Commission shall not vary or revoke a banning order except under section 1195, 1196 or 1197.