Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) No action, suit or proceeding lies against:
(a) a financial institution; or
(b) an officer, employee or agent of the institution acting in the course of that person's employment or agency;
in relation to any action taken by the institution or person under a notice under section 34R or in the mistaken belief that action was required under the notice.
(2) A financial institution, or person who is an officer, employee or agent of a financial institution, who provides information under a notice under section 34R is taken, for the purposes of Part 10.2 of the Criminal Code (offences relating to money - laundering), not to have been in possession of that information at any time.