157AAADisclosure of information related to cash distribution framework by Commission

157AAA Disclosure of information related to cash distribution framework by Commission

(1) The Commission or a Commission official may disclose to:

(a) the Reserve Bank of Australia; or

(b) a person who is an officer within the meaning of subsection 79A(1) of the Reserve Bank Act 1959, except a person mentioned in paragraph (d) or (e) of the definition of officer in that subsection;

any information that it obtains under this Act that is relevant to the functions or powers of the Reserve Bank of Australia under the cash distribution framework.

Note: The Privacy Act 1988 also contains provisions relevant to the use and disclosure of information.

(2) The Reserve Bank of Australia or a person mentioned in paragraph (1)(b) may use the information for any purpose connected with the performance of the Reserve Bank’s functions or the exercise of its powers under the cash distribution framework.

(3) The Commission or a Commission official may impose conditions to be complied with in relation to information disclosed.

(4) In this section:

Commission official means:

(a) a member, or associate member, of the Commission; or

(b) a person referred to in subsection 27(1); or

(c) a person engaged under section 27A.

Corporations Act 2001

10 Subsection 459P(1) (note)

Repeal the note, substitute:

Note: The Reserve Bank may also apply under this section to the Court for an order if:

(a) a condition in section 831A is satisfied in relation to a CS facility licensee (see section 849AA); or

(b) a condition in section 90 of the Cash Distribution Framework Act 2026 is satisfied in relation to certain bodies corporate (see section 162 of that Act).

11 After section 588GAAC

Insert: