Section 920C — Corporations Act 2001 (Cth)

Effect of banning orders

(1) A person against whom a banning order is made cannot be granted an Australian financial services licence contrary to the banning order.

(2) A person against whom a banning order is made must not engage in conduct in breach of the banning order.

Fault‑based offence

(3) A person commits an offence if the person contravenes subsection (2).

Civil liability

(4) A person contravenes this subsection if the person contravenes subsection (2).

Note: This subsection is a civil penalty provision (see section 1317E).

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 917F — Effect of Division
s 920A — ASIC’s power to make a banning order
s 920B — What a banning order prohibits
s 920D — Variation or cancellation of banning orders
s 920E — Date of effect and publication of banning order, variation or cancellation
s 920F — Statement of reasons

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