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LIFE INSURANCE ACT 1995 - SECT 231E

Disclosure allowed by APRA Act secrecy provision

  (1)   A person covered by subsection   231A(2) in relation to a direction may disclose information that reveals the fact that the direction was made if:

  (a)   the person is:

  (i)   an APRA member (within the meaning of subsection   56(1) of the Australian Prudential Regulation Authority Act 1998 ); or

  (ii)   an APRA staff member (within the meaning of that subsection); or

  (iia)   a Financial Regulator Assessment Authority official (within the meaning of that subsection); or

  (iii)   a Commonwealth officer (within the meaning of the Crimes Act 1914 ) who is covered by paragraph   (c) of the definition of officer in subsection   56(1) of the Australian Prudential Regulation Authority Act 1998 ; and

  (b)   the information is protected information (within the meaning of subsection   56(1) of that Act), or is contained in a protected document (within the meaning of that subsection); and

  (c)   the disclosure is in accordance with subsection   56(3), (4), (5), (5AA), (5AB), (5AC), (6), (6AA), (6AB), (6A), (7), (7A), (7B) or (7C) of that Act.

Relationship to APRA Act secrecy provision

  (2)   Disclosure of information in relation to a direction is not an offence under section   56 of the Australian Prudential Regulation Authority Act 1998 if the disclosure is authorised by section   231B, 231C, 231D, 231F or 231G.


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