Financial Sector Reform (Hayne Royal Commission Response - Stronger Regulators (2019 Measures)) Act 2020 (3 of 2020)

Schedule 4   Banning orders

Part 1   Corporations amendments

Corporations Act 2001

18   Paragraph 921A(2)(a)

Repeal the paragraph, substitute:

(a) one or more orders disqualifying the person, permanently or for a specified period, from doing one or more of the following:

(i) providing any financial services;

(ii) providing specified financial services in specified circumstances or capacities;

(iii) controlling, whether alone or in concert with one or more other entities, an entity that carries on a financial services business;

(iv) performing any function involved in the carrying on of a financial services business (including as an officer, manager, employee, contractor or in some other capacity);

(v) performing specified functions involved in the carrying on of a financial services business; or