THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.3 - PARTICIPANTS IN THE SECURITIES INDUSTRY

Division 5 - Excluding persons from the securities industry

SECTION 830   NATURE OF BANNING ORDER  

830(1)  [Effect of order]  

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 828(c) or 829(e) to make the order - for a specified period;

from doing an act as:

(c)  a representative of a dealer;

(d)  a representative of an investment adviser; or

(e)  a representative of a dealer or of an investment adviser;

whichever the order specifies.

830(2)  [Variation or revocation]  

The Commission shall not vary or revoke a banning order except under section 831, 832, or 833.


 

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