Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:1_848e
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 1 cl 848E
Character Range: 129040–131619

848E  Disclosure allowed by the Reserve Bank
 (1) A person covered by subsection 848C(2) in relation to information may disclose the information if:
 (a) a determination made under subsection (2) or (4) of this section allows the disclosure by the person; and
 (b) if the Reserve Bank has included conditions in the determination—those conditions are satisfied.

Determinations relating to specified persons
 (2) The Reserve Bank may, in writing, make a determination allowing:
 (a) a specified person covered by subsection 848C(2) in relation to specified information; or
 (b) a specified person covered by subsection 848C(2) in relation to information that is in a specified class of information;
to disclose the specified information, the information that is in the specified class of information, or a specified part of such information.
 (3) The Reserve Bank must give a copy of the determination, as soon as practicable after making it, to:
 (a) the body corporate to which the determination made under subsection 848A(1) relates; and
 (b) the person specified, or each person specified, in the determination.

Determinations relating to specified classes of persons
 (4) The Reserve Bank may, in writing, make a determination allowing:
 (a) a specified class of persons covered by subsection 848C(2) in relation to specified information; or
 (b) a specified class of persons covered by subsection 848C(2) in relation to information that is in a specified class of information;
to disclose the specified information, the information that is in the specified class of information, or a specified part of such information.
 (5) The Reserve Bank must, as soon as practicable after making the determination under subsection (4):
 (a) give a copy of the determination to the body corporate to which the determination made under subsection 848A(1) relates; and
 (b) take reasonable steps to discover who is in the class of persons specified in the determination; and
 (c) if it is practicable to do so—give a copy of the determination to each person who the Reserve Bank believes to be in that class.

Conditions in determinations
 (6) The Reserve Bank may include conditions in a determination made under subsection (2) or (4) that relate to any of the following:
 (a) the kind of entities to which the disclosure may be made;
 (b) the way in which the disclosure is to be made;
 (c) any other matter that the Reserve Bank considers appropriate.

Determination not a legislative instrument
 (7) A determination made under subsection (2) or (4) is not a legislative instrument.