I understood it as he is charged under the corporations act,...

I understood it as he is charged under the corporations act, however the imposition of travel restrictions is done under the Crimes act.

1) Where a court makes a relevant order or passes a relevant sentence in respect of a person charged with, or convicted of:

(a) an offence against a law of the Commonwealth or of a Territory, being an offence that is a serious drug offence; or
(b) a prescribed offence against a law of the Commonwealth or of a Territory;

it may, at the same time or at a later time, order the person to do all or any of the following things: (c) to remain in Australia; (d) to refrain from applying for, or obtaining, an Australian travel document; (e) to surrender possession of any Australian travel document held by the person.


"prescribed offence" means an offence under a law of the Commonwealth, or a State offence that has a federal aspect, punishable by a maximum penalty of imprisonment for life or 2 or more years.