s 85
In forceStatement of reasons
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 2Licensing of persons who engage in credit activities
Part 2-2Australian credit licences
Division 6When a licence can be suspended, cancelled or varied
Subdivision ASuspensions and cancellations
85 Statement of reasons
(1)
A copy of a banning order given to a person must be accompanied by a statement of reasons for the order.
(2)
If ASIC varies a banning order made against a person, ASIC must, on request by the person, give the person a statement of reasons for the variation.
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