71Use and disclosure of audit information—Act, subs 136(1) and (2)

71  Use and disclosure of audit information—Act, subs 136(1) and (2)

 (1) Uses and disclosures of audit information for the following purposes are prescribed:

 (a) if the person who has audit information reasonably believes that a use or disclosure is necessary to reduce serious risk to life or the health of an individual—for the purpose of reducing the serious risk;

 (b) if audit information has been required by a court or tribunal—for the purpose of complying with the requirement;

 (c) if the person to whom the information relates requests or consents to the use or disclosure of the information—for the purpose of using or disclosing the information in accordance with the consent or request.

 (2) For the purposes of subsection 136(3) of the Act, the following powers of the Parliament under the Constitution are specified:

 (a) paragraph 51(i) with respect to trade and commerce with other countries, and among the States;

 (b) paragraph 51(xx) with respect to foreign corporations, and trading or financial corporations formed within the limits of the Commonwealth;

 (c) paragraph 51(xxix) with respect to external affairs;

 (d) paragraph 51(xxxix) with respect to matters incidental to the execution of any power vested by the Constitution.