reg 12
In forceDisclosure
Part 3Distribution Lessor Corporation
Division 1Distribution Lessor Corporation continues as subsidiary of Treasurer
12 Disclosure
(1)
If the subsidiary discloses to the Treasurer in pursuance of the
Act or these regulations a matter in respect of which the subsidiary owes a duty of confidence, the subsidiary must give notice in writing of the disclosure to the person to whom the duty is owed.
(2)
A director of the subsidiary does not commit any breach of duty by reporting a matter relating to the affairs of the subsidiary to the
Treasurer.
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