Section 853L — Corporations Act 2001 (Cth)

When an individual contravenes a financial services law

For the purposes of subsection 853H(1), an individual contravenes a financial services law if the individual fails to comply with a duty imposed under that law, even if the provision imposing the duty is not an offence provision or a civil penalty provision.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 853H — ASIC’s power to make financial market infrastructure banning orders
s 853J — Individual to be given an opportunity to be heard before ASIC makes financial market infrastructure banning order
s 853K — When an individual is not a fit and proper person
s 853M — When an individual has been a core officer of a corporation unable to pay its debts
s 853N — What a financial market infrastructure banning order prohibits
s 853P — Effect of financial market infrastructure banning orders

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