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Offence title:
Effect of banning orders
Act:
920C Corporations Act
Offence:
(1) If banned, a person cannot be granted an Australian Financial Services Licence.
(2) A person must not breach a banning order.
(3) A person commits an offence if they breach (2).
(4) A person contravenes this subsection if they breach (2).
Penalty:
(3) 5 years imprisonment
Summary/Indictable/mixed:
Mixed
Jurisdiction:
Local, District or Supreme Court
How committed:
A mortgage broker who has been banned from acting as mortgage broker, continues to provide mortgage broking services.
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