(1)  This section applies if the prescribed authority, in connection with performing functions or exercising powers under this Act, acquired information concerning a corporation that is or was an incorporated legal practice.

(2)  The prescribed authority may disclose to the Australian Securities and Investments Commission information concerning the corporation that is relevant to the Commission's functions.

(3)  Information may be provided under subsection (2) despite any law relating to secrecy or confidentiality, including any provisions of this Act.