134
CurrentDisclosure of information to the Australian Securities and Investments Commission
Chapter 2General requirements for engaging in legal practice
Part 2.7Incorporated legal practices and multi-disciplinary partnerships
Division 5Ensuring compliance with this Act by incorporated legal practices
134 Disclosure of information to the Australian Securities and Investments Commission
(1)
This section applies if an ILP authority, in connection with performing functions or exercising powers under this Act, acquired information concerning a corporation that is or was an incorporated legal practice.
(2)
The ILP authority may disclose to the Australian Securities and Investments Commission information concerning the corporation that is relevant to the commission’s functions.
(3)
Information may be provided under subsection (2) despite any law relating to secrecy or confidentiality, including any provisions of this Act.
This Act’s bill:Explanatory memorandum
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