Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person covered by subsection 848C(2) in relation to information may disclose the information if:
(a) a determination made under subsection (2) or (4) of this section allows the disclosure by the person; and
(b) if the Reserve Bank has included conditions in the determination--those conditions are satisfied.
Determinations relating to specified persons
(2) The Reserve Bank may, in writing, make a determination allowing:
(a) a specified person covered by subsection 848C(2) in relation to specified information; or
(b) a specified person covered by subsection 848C(2) in relation to information that is in a specified class of information;
to disclose the specified information, the information that is in the specified class of information, or a specified part of such information.
(3) The Reserve Bank must give a copy of the determination, as soon as practicable after making it, to:
(a) the body corporate to which the determination made under subsection 848A(1) relates; and
(b) the person specified, or each person specified, in the determination.
Determinations relating to specified classes of persons
(4) The Reserve Bank may, in writing, make a determination allowing:
(a) a specified class of persons covered by subsection 848C(2) in relation to specified information; or
(b) a specified class of persons covered by subsection 848C(2) in relation to information that is in a specified class of information;
to disclose the specified information, the information that is in the specified class of information, or a specified part of such information.
(5) The Reserve Bank must, as soon as practicable after making the determination under subsection (4):
(a) give a copy of the determination to the body corporate to which the determination made under subsection 848A(1) relates; and
(b) take reasonable steps to discover who is in the class of persons specified in the determination; and
(c) if it is practicable to do so--give a copy of the determination to each person who the Reserve Bank believes to be in that class.
Conditions in determinations
(6) The Reserve Bank may include conditions in a determination made 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 Reserve Bank considers appropriate.
Determination not a legislative instrument
(7) A determination made under subsection (2) or (4) is not a legislative instrument.