Commonwealth Consolidated Acts

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FINANCIAL ACCOUNTABILITY REGIME ACT 2023 - SECT 70

Disclosure allowed by the Regulator

  (1)   A person covered by subsection   68(2) in relation to a direction may disclose information that reveals the fact that the direction was given if:

  (a)   a determination under subsection   (2) or (4) of this section allows the disclosure by the person; and

  (b)   if the Regulator has included conditions in the determination--those conditions are satisfied.

Determinations relating to specified person

  (2)   The Regulator may, in writing, make a determination allowing:

  (a)   a specified person covered by subsection   68(2) in relation to a specified direction; or

  (b)   a specified person covered by subsection   68(2) in relation to a direction that is in a specified class of directions;

to disclose specified information in relation to the direction.

  (3)   The Regulator must give a copy of the determination, as soon as practicable after making it, to:

  (a)   the directed accountable entity; and

  (b)   the person specified, or each person specified, in the determination.

Determinations relating to specified class of persons

  (4)   The Regulator may, by legislative instrument, make a determination allowing a specified class of persons covered by subsection   68(2) in relation to a direction that is in a specified class of directions to disclose:

  (a)   specified kinds of information in relation to the direction; or

  (b)   any kind of information in relation to the direction.

Conditions in determinations

  (5)   The Regulator may include conditions in a determination under subsection   (2) or (4) that relate to any of the following:

  (a)   the kind of entities to which the disclosure may be made;

  (b)   the way in which the disclosure is to be made;

  (c)   any other matter that the Regulator considers appropriate.

Determination not a legislative instrument

  (6)   An instrument under subsection   (2) is not a legislative instrument.



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