Document ID: chunk:federal_register_of_legislation:C2016A00011:clause:2_216
Version: federal_register_of_legislation:C2016A00011
Segment Type: clause
Provision Reference: sch 2 cl 216
Character Range: 461987–463177

216  After subsection 1274(4C)
Insert:
 (4D) ASIC may edit from a statement of affairs any information that ASIC is satisfied is commercial‑in‑confidence, before allowing a person to inspect the statement, or giving a copy or extract of the statement to a person, under subsection (2).
 (4E) A statement of affairs is a statement or report required to be prepared under one of the following provisions:
 (a) subsection 421A(1);
 (b) paragraph 429(2)(b);
 (c) subsection 438B(2);
 (d) subsection 475(1) or (2);
 (e) subsection 494(2);
 (f) subsection 497(4).
 (4F) Information is commercial‑in confidence if:
 (a) the disclosure of the information could unreasonably affect a person, or a business or action related to a person, in an adverse manner; and
 (b) the information is not in the public domain; and
 (c) the information is not required to be disclosed under another law of the Commonwealth, a State or a Territory; and
 (d) the information is not readily discoverable.
 (4G) Despite subsection (2), a person is not entitled to inspect, or to require a copy or an extract of, any information in a statement of affairs that has been edited from the statement under subsection (4D).