142Disclosure of information acquired in inspection

142 Disclosure of information acquired in inspection

142 Disclosure of information acquired in inspection

(cf Corporations Act s 247C)

(1) A person who inspects books on behalf of an applicant under section 140 must not disclose information obtained during the inspection.

Maximum penalty—$500.

(2) Subsection (1) does not apply to the extent that the disclosure is to—

(a) the Registrar; or

(b) the applicant.

(3) An offence based on subsection (1) is an offence of strict liability.

(4) A defendant bears an evidential burden in relation to the matter in subsection (2).