128Reserve Bank may provide information to receiving body

128 Reserve Bank may provide information to receiving body

The Reserve Bank may, in connection with a determination or a possible determination under section 118 or 119 that there is to be a transfer, provide information (including personal information or confidential commercial information) to the receiving body, or to the possible or proposed receiving body, about:

(a) if the determination is, or would be, made under section 118:

(i) some or all of the shares that are to be, or that may be, transferred; and

(ii) the business of the target body; or

(b) if the determination is, or would be, made under section 119—some or all of the business that is to be, or that may be, transferred.

Note: Subsection 79A(7A) of the Reserve Bank Act 1959 allows conditions to be imposed on a body who is provided information under this section to be complied with by the body in relation to that information.