Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A banning order made against a person may specify that the person is prohibited from doing one or more of the following:
(a) providing any financial services;
(b) providing specified financial services in specified circumstances or capacities;
(c) controlling, whether alone or in concert with one or more other entities, an entity that carries on a financial services business;
(d) 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);
(e) performing specified functions involved in the carrying on of a financial services business.
(2) The banning order may specify that a particular prohibition specified in the order applies against the person:
(a) if the sole ground for the banning order is because paragraph 920A(1)(k) applies--for a specified period of up to 5 years; or
(b) otherwise--either permanently or for a specified period.
Note: This subsection applies separately to each prohibition specified in the order.
(3) A banning order may include a provision allowing the person against whom it was made, subject to any specified conditions:
(a) to do specified acts; or
(b) to do specified acts in specified circumstances;
that the order would otherwise prohibit them from doing.