(1) An applicant who inspects the financial records under section 788 , or a person who inspects the financial records for an applicant, must not disclose information obtained during the inspection unless the disclosure is to—(a) a member of the commission or the registrar; or(b) if the inspection is made for an applicant—the applicant.Penalty—Maximum penalty—20 penalty units.
(2) A person who receives information under subsection (1) (a) or (b) must not disclose the information other than to another person covered by the subsection.Penalty—Maximum penalty for subsection (2) —20 penalty units.