19Obligation not to disclose confidential information

19  Obligation not to disclose confidential information

 (1) Each of the following persons must not, either directly or indirectly, disclose confidential information of an applicant or bidder about the auction to any person:

 (a) the applicant or bidder;

 (b) a related person of the applicant or bidder who has knowledge of the confidential information;

 (c) a contractor of an applicant or bidder who has knowledge of the confidential information.

 (2) Subsection (1) does not prevent a person disclosing information about the auction:

 (a) for the purpose of obtaining advice relating to the auction from a person in the person’s professional capacity; or

 (b) for the purpose of obtaining finance to make a payment in relation to the auction; or

 (c) to the ACMA; or

 (d) for an applicant or bidder – to a related person of the applicant or bidder; or

 (e) for a related person of an applicant or bidder – to the applicant or bidder, or to another related person of the same applicant or bidder; or

 (f) for a contractor of an applicant or bidder – to the applicant or bidder, or to a related person of the same applicant or bidder; or

 (g) for the purpose of announcing or publishing that the applicant or bidder is participating in the auction; or

 (h) as authorised by this instrument; or

 (i) as otherwise required by law.

Note: In some cases, the person to whom the information is disclosed may become a related person or contractor who is required to give a deed of confidentiality to the ACMA: see section 23.

 (3) Subsection (1) does not prohibit a person disclosing information about the auction if:

 (a) the information is already publicly available; and

 (b) the information was not made publicly available because of a breach of this section.