If:
(a) a financial services licensee, or a person acting on behalf of a financial services licensee:
(i) provides data or information to ASIC; or
(ii) otherwise allows ASIC access to data or information; and
(b) the licensee or person does so, in good faith, in compliance with a requirement imposed by or under a provision of the client money reporting rules;
the licensee or person is not liable to an action or other proceeding, whether civil or criminal, for or in relation to the conduct mentioned in paragraph (a).