Section 206BA — Corporations Act 2001 (Cth)

(1) This section applies if:

(a) under subsection 206B(1); or

(b) as a result of the operation of subsection 279‑5(1) of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 and subsection 206B(5) of this Act;

a person is disqualified from managing corporations on being convicted of an offence.

(2) On application by ASIC, the Court may extend by up to an additional 15 years the period of disqualification.

(3) ASIC must apply:

(a) before the period of disqualification begins; or

(b) before the end of the first year of the disqualification.

(4) ASIC may apply only once in relation to the disqualification.

(5) In determining whether an extension is justified (and if so, for how long), the Court may have regard to any matters that the Court considers appropriate.

Related sections

• s 205G — Listed company—director to notify market operator of shareholdings etc.
• s 206A — Disqualified person not to manage corporations
• s 206B — Automatic disqualification—convictions, bankruptcy and foreign court orders etc.
• s 206C — Court power of disqualification—contravention of civil penalty provision
• s 206D — Court power of disqualification—insolvency and non‑payment of debts
• s 206E — Court power of disqualification—repeated contraventions of Act

Research how courts apply s 206BA

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.