THE CORPORATIONS LAW

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.3 - PARTICIPANTS IN THE FUTURES INDUSTRY

Division 5 - Excluding persons from the futures industry

SECTION 1194   NATURE OF BANNING ORDER  

View history reference

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.

 

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