Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if a financial institution has information about an account held, or a transaction conducted, with the institution and the institution has reasonable grounds for believing that—
(a) the information may be relevant to—
(i) an investigation of, or the prosecution of a person for, an offence against a law of the State; or
(ii) an investigation of a serious crime related activity or another matter for which an order may be made under chapter 2; or
(b) the information would otherwise be of assistance in the enforcement of this Act.
(2) The institution may give the information to a police officer.
(3) If the information relates to an investigation of a serious crime related activity or another matter for which an order may be made under chapter 2, the institution may give the information to a commission officer.
(4) No action, suit or proceeding lies against—
(a) a financial institution; or
(b) an officer or agent of the institution acting in the course of the person's employment or agency;
in relation to any action taken by the institution or person under subsection (2) or (3).
(5) If a financial institution, or an officer or agent of the institution, gives information under subsection (2) or (3) as soon as practicable after forming the belief mentioned in subsection (1), the institution or person is taken, for the purposes of sections 250 and 252, not to have been in possession of that information at any time.
(6) A person must not, other than as permitted under subsection (2) or (3), disclose to anyone—
(a) that a financial institution, or an officer of a financial institution, intends to give or has given information to a police officer under subsection (2); or
(b) that a financial institution, or an officer of a financial institution, intends to give or has given information to a commission officer under subsection (3); or
(c) the nature of any information given under subsection (2) or (3).
Maximum penalty—10 penalty units.
(7) In this section—
officer includes director, secretary, executive officer or employee.