Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 10.15.03

  (1)   This regulation applies if:

  (a)   an operator of a licensed market, a related body corporate of the operator, or an employee of the operator, gives information in confidence to ASIC; and

  (b)   the information relates to the operation of Part   7.2 of the Act; and

  (c)   the information was requested by, or given to, ASIC to help ASIC exercise its powers or perform its functions under Part   7.2A of the Act.

  (2)   The information does not cease to be the subject of legal professional privilege solely because the information has been given to ASIC.

  (3)   The operator or employee:

  (a)   has qualified privilege in respect of the giving of the information to ASIC; and

  (b)   is not liable to any person in relation to the giving of the information to ASIC.

  (4)   The giving of the information to ASIC is not to be taken to be:

  (a)   a contravention of a law, including a law relating to privacy or confidentiality; or

  (b)   a breach of contract or duty to a person.