(1) For the purposes of ASIC performing functions or duties, or exercising powers, under this Part, or any rules made under section 1678D:
(a) the Registrar of Companies under the Norfolk Island Companies Act (the Norfolk Island Registrar ) may disclose to ASIC information (including personal information) obtained for the purposes of that Act; and
(b) ASIC may record or use information disclosed under paragraph (a); and
(c) ASIC may disclose to the Norfolk Island Registrar information (including personal information) obtained for the purposes of this Act; and
(d) the Norfolk Island Registrar may record or use information disclosed under paragraph (c).
(2) In addition, for the purposes mentioned in subsection (1):
(a) ASIC may, by written notice given to an eligible corporation, request the corporation to provide specified information (including personal information) in relation to the registration of the corporation as a company under Part 5B.1; and
(b) the eligible corporation may disclose the requested information to ASIC; and
(c) ASIC may record or use information disclosed under paragraph (b).
Note: This section constitutes an authorisation for the purposes of the Privacy Act 1988 and other laws (including the common law).