s 82
In forceEffect of banning orders
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 2Licensing of persons who engage in credit activities
Part 2-2Australian credit licences
Division 5Obligations of licensees
Subdivision DMiscellaneous
82 Effect of banning orders
Requirement not to engage in conduct contrary to banning order
(1)
A person must not engage in conduct that is contrary to a banning order that is in force against the person.
Civil penalty: 5,000 penalty units.
Offence
(2)
A person commits an offence if:
(a)
the person is subject to a requirement under subsection (1); and
(b)
the person engages in conduct; and
(c)
the conduct contravenes the requirement.
Criminal penalty: 5 years imprisonment.
Note:
A person against whom a banning order is in force cannot be granted a licence authorising the person to engage in a credit activity to which the banning order applies (see subsection 40(1)).
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