12
CurrentDisclosure
Part 3StudyAdelaide
Division 1Continuation and constitution of subsidiary
12 Disclosure
(1)
If the subsidiary discloses to the Minister or the Treasurer 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 a breach of duty by reporting a matter relating to the affairs of the subsidiary to the Minister or the Treasurer.
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