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s 791

Disclosure of information acquired in inspection

In force
Chapter 12Industrial organisations and associated entities
Part 11Records and accounts
Division 6Accounts and audit
Subdivision 7Members’ access to financial records

791 Disclosure of information acquired in inspection

(1)

An applicant who inspects the financial records under section 788, or a person who inspects the financial records for an applicant, must not disclose information obtained during the inspection unless the disclosure is to—

(a)

a member of the commission or the registrar; or

(b)

if the inspection is made for an applicant—the applicant.

Maximum penalty—20 penalty units.

(2)

A person who receives information under subsection (1)(a) or (b) must not disclose the information other than to another person covered by the subsection.Maximum penalty for subsection (2)—20 penalty units.

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