Document ID: chunk:federal_register_of_legislation:C2015A00144:clause:1_124pn
Version: federal_register_of_legislation:C2015A00144
Segment Type: clause
Provision Reference: sch 1 cl 124PN
Character Range: 14529–15236

124PN  Disclosure of information to the Secretary—financial institution
 (1) Despite any law (whether written or unwritten) in force in a State or Territory, an officer or employee of a financial institution may give the Secretary information about a person if:
 (a) the person is a trial participant or voluntary participant; and
 (b) the disclosed information is relevant to the operation of this Part.
 (2) If information about a person is disclosed as mentioned in subsection (1), the Secretary may disclose information about the person to an officer or employee of the financial institution for the purposes of the performance of the duties, or the exercise of the powers, of the officer or employee.