Section 848E — Corporations Act 2001: Disclosure allowed by the Reserve Bank

(1) A person covered by subsection 848C(2) in relation to information may disclose the information if: (a) a determination made under subsection (2) or (4) of this section allows the disclosure by the person; and (b) if the Reserve Bank has included conditions in the determination—those conditions are satisfied. Determinations relating to specified persons (2) The Reserve Bank may, in writing, make a determination allowing: (a) a specified person covered by subsection 848C(2) in relation to specified information; or (b) a specified person covered by subsection 848C(2) in relation to information that is in a specified class of information; to disclose the specified information, the information that is in the specified class of information, or a specified part of such information. (3) The Reserve Bank must give a copy of the determination, as soon as practicable after making it, to: (a) the body corporate to which the determination made under subsection 848A(1) relates; and (b) the person specified, or each person specified, in the determination. Determinations relating to specified classes of persons (4) The Reserve Bank may, in writing, make a determination allowing: (a) a specified class of persons covered by subsection 848C(2) in relation to specified information; or (b) a specified class of persons covered by subsection 848C(2) in relation to information that is in a specified class of information; to disclose the specified information, the information that is in the specified class of information, or a specified part of such information. (5) The Reserve Bank must, as soon as practicable after making the determination under subsection (4): (a) give a copy of the determination to the body corporate to which the determination made under subsection 848A(1) relates; and (b) take reasonable steps to discover who is in the class of persons specified in the determination; and (c) if it is practicable to do so—give a copy of the determination to each person who the Reserve Bank believes to be in that class. Conditions in determinations (6) The Reserve Bank may include conditions in a determination made under subsection (2) or (4) that relate to any of the following: (a) the kind of entities to which the disclosure may be made; (b) the way in which the disclosure is to be made; (c) any other matter that the Reserve Bank considers appropriate. Determination not a legislative instrument (7) A determination made under subsection (2) or (4) is not a legislative instrument.