123Disqualification from managing incorporated legal

123 Disqualification from managing incorporated legal (1) The Supreme Court may, on the application of the law society council, make an order disqualifying a person from managing a corporation that is an incorporated legal practice for the period the court considers appropriate if satisfied that— (a) the person is a person who could be disqualified under a relevant Corporations Act provision from managing corporations; and (b) the disqualification is justified. (2) In subsection (1): relevant Corporations Act provision means any of the following provisions of the Corporations Act: • section 206C (Court power of disqualification—contravention of civil penalty provision)

• section 206D (Court power of disqualification—insolvency and non-payment of debts) • section 206E (Court power of disqualification—repeated contraventions of Act) • section 206F (ASIC’s power of disqualification). (3) On the application of a person subject to a disqualification order under this section, the Supreme Court may revoke the order. (4) A disqualification order made under this section has effect for this Act only and does not affect the application or operation of the Corporations Act. (5) A regulation may make provision in relation to the publication and notification of orders made under this section. (6) A person who is disqualified from managing a corporation under provisions of a corresponding law that correspond to this section is taken to be disqualified from managing a corporation under this