Minister may require Bankwest owner to give information
42O Minister may require Bankwest owner to give information
In this section —
business information means statistical information about the operation of the Bankwest business as at 30 June or 31 December in a particular year, including information about the following —
points of presence in Western Australia;
the number of customers in Western Australia and the gross value of the business with those customers;
the number of full‑time equivalent employees in Western Australia.
The Minister may, by written notice, require the Bankwest owner to give business information to the Minister for the purpose of enabling the Minister to assess the Bankwest owner’s compliance with the obligations imposed by this Part.
A notice under subsection (2) must give a brief description of the business information sought.
The Bankwest owner must comply with a notice under subsection (2) within —
60 days after the notice is given; or
any longer period that the Minister, in a particular case, allows.
The Minister must not disclose information provided in compliance with a notice under subsection (2) for any purpose other than the purpose for which it was given unless the disclosure is authorised by subsection (6).
The disclosure is authorised if —
it is made with the consent of the Bankwest owner; or
it is required under another written law; or
it is made for the purpose of —
answering a question asked in a House of Parliament; or
complying with an order or resolution of a House of Parliament that requires information to be given to a House of Parliament.
Before making a disclosure authorised by subsection (6)(b) or (c), the Minister must give the Bankwest owner written notice of the proposed disclosure if it is reasonably practicable to do so.
[Section 42O inserted: No. 14 of 2012 s. 7.]
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