118Information about receivable property

118 Information about receivable property (1) A person who has information relating to receivable property, or property that a receiver believes on reasonable grounds to be receivable property, must give the information to the receiver if required by the receiver to do so. (2) A licensee who has any information referred to in subsection (1) may not refuse to comply with a requirement of a receiver under that subsection merely because the information was obtained in confidence from a client or former client of the licensee. (3) A person who complies with a requirement under this section is not, merely because of that compliance, subject to any liability, claim or demand. (4) Information given to a receiver under this section is not admissible as evidence in any legal proceedings, other than— (a) proceedings taken by a receiver for the recovery of receivable property; or (b) proceedings taken against a person for a breach of this Act or the regulations; or (c) with the consent of the relevant licensee or relevant associate to whom the information relates.