Commonwealth Consolidated Acts

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FINANCIAL ACCOUNTABILITY REGIME ACT 2023 - SECT 73

Disclosure under the ASIC Act

    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)   the person is:

  (i)   a member of ASIC; or

  (ii)   an ASIC staff member; or

  (iii)   a Commonwealth officer, within the meaning of the Crimes Act 1914 , who, because of their employment, or in the course of that employment, has acquired the information (other than an employee of the body to which the information relates); and

  (b)   the information is protected information as defined in subsection   127(9) of the Australian Securities and Investments Commission Act 2001 ; and

  (c)   the disclosure is authorised use and disclosure of the information for the purposes of subsection   127(1) of that Act.

Note 1:   For the definition of ASIC staff member , see section   8.

Note 2:   A disclosure of information permitted by section   69, 70, 71, 72, 74 or 75 of this Act is authorised use and disclosure because of subsection   127(2) of the Australian Securities and Investments Commission Act 2001 .



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