sec.27Use of confidential information

sec.27 Use of confidential information

This section applies to a person who— is, or has been, a member; and obtains confidential information in performing a function under this Act. The person must not, whether directly or indirectly, disclose the confidential information unless the disclosure is— in the performance of a function; or with the consent of the person to whom the information relates; or otherwise required or permitted by law. Maximum penalty—50 penalty units. In this section— confidential information — means any information that— could identify an individual; or is about a person’s current financial position or financial background; or would be likely to damage the commercial activities of a person to whom the information relates; but does not include— information that is publicly available; or statistical or other information that could not reasonably be expected to result in the identification of the individual to whom it relates. (sec.27-ssec.1) This section applies to a person who— is, or has been, a member; and obtains confidential information in performing a function under this Act. (sec.27-ssec.2) The person must not, whether directly or indirectly, disclose the confidential information unless the disclosure is— in the performance of a function; or with the consent of the person to whom the information relates; or otherwise required or permitted by law. Maximum penalty—50 penalty units. (sec.27-ssec.3) In this section— confidential information — means any information that— could identify an individual; or is about a person’s current financial position or financial background; or would be likely to damage the commercial activities of a person to whom the information relates; but does not include— information that is publicly available; or statistical or other information that could not reasonably be expected to result in the identification of the individual to whom it relates.

• (a) is, or has been, a member; and
• (b) obtains confidential information in performing a function under this Act.
• (a) in the performance of a function; or
• (b) with the consent of the person to whom the information relates; or
• (c) otherwise required or permitted by law.
• (a) means any information that— (i) could identify an individual; or (ii) is about a person’s current financial position or financial background; or (iii) would be likely to damage the commercial activities of a person to whom the information relates; but
• (i) could identify an individual; or
• (ii) is about a person’s current financial position or financial background; or
• (iii) would be likely to damage the commercial activities of a person to whom the information relates; but
• (b) does not include— (i) information that is publicly available; or (ii) statistical or other information that could not reasonably be expected to result in the identification of the individual to whom it relates.