Section 853S — Corporations Act 2001 (Cth)

(1) An FMI banning order given to an individual must be accompanied by a statement of reasons for the order.

(2) If ASIC varies an FMI banning order made against an individual, ASIC must, on request by the individual, give the individual a statement of reasons for the variation.

Related sections

• s 853P — Effect of financial market infrastructure banning orders
• s 853Q — Variation or cancellation of financial market infrastructure banning orders
• s 853R — Date of effect and publication of financial market infrastructure banning orders, variation or cancellation
• s 854A — Record‑keeping and giving of information
• s 854B — Exemptions and modifications by regulations
• s 880A — Part does not apply to markets licensed under special provisions about overseas markets

Research how courts apply s 853S

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