Date of effect, notice and publication of banning order, variation or cancellation
84 Date of effect, notice and publication of banning order, variation or cancellation
A banning order comes into force when it is given to the person against whom it is made.
A variation or cancellation of a banning order comes into force when written notice of the variation or cancellation is given to the person against whom the order was made.
ASIC must publish a notice on ASIC’s website as soon as practicable after making, varying or cancelling a banning order. The notice must state when the banning order, or variation or cancellation of the banning order, came into force and:
in the case of the making of a banning order—set out a copy of the banning order; or
in the case of the variation of a banning order—set out a copy of the banning order as varied.
However, if the banning order contains a provision of the kind referred to in subsection 81(3) and ASIC considers that the notice on its website would be unreasonably long if that provision were included, the notice may instead set out a summary of the provision’s effect.
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