(1) A disqualified person, or APRA, may apply to the Federal Court for:
(a) if the person is a disqualified person only because of an order under section 120--a variation or a revocation of the order made under that section; or
(b) otherwise--an order that the person is not a disqualified person.
(2) If the Federal Court revokes an order under paragraph (1)(a) or makes an order under paragraph (1)(b), then, despite section 119, the person is not a disqualified person .
(3) At least 21 days before commencing the proceedings, written notice of the application must be given:
(a) if the disqualified person makes the application--by the person to APRA; or
(b) if APRA makes the application--by APRA to the disqualified person.
(4) An order under paragraph (1)(b) may be expressed to be subject to exceptions and conditions determined by the Federal Court.