Provision of information
20 Provision of information
The subsidiary must, at the request in writing of the Treasurer, furnish such information or records in the possession or control of the subsidiary as the Treasurer may require in such manner and form as the
Treasurer may require.
If a record in the possession or control of the subsidiary is furnished to the Treasurer under this regulation, the person to whom it is furnished may make, retain and deal with copies of the record as they think fit.
If the board considers that information or a record furnished under this regulation contains matters that should be treated as confidential, the board may advise the person to whom it is furnished of that opinion giving the reason for the opinion and the Treasurer may, subject to subregulation (4), act on that advice as the Treasurer thinks fit.
If the Treasurer is satisfied on the basis of the board's advice under subregulation (3) that the subsidiary owes a duty of confidence in respect of a matter, the Treasurer must ensure the observance of that duty in respect of the matter, but this subregulation does not prevent a disclosure as required in the proper performance of ministerial functions or duties.
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