(1) The subsidiary
must, at the request in writing of the Treasurer, provide the Treasurer with
such information or records in the possession or control of the subsidiary as
the Treasurer may require in such manner and form as the Treasurer may
require.
(2) If a record in the
possession or control of the subsidiary is provided to the Treasurer under
this regulation, the Treasurer may make, retain and deal with copies of the
record as the Treasurer thinks fit.
(3) If the board
considers that information or a record provided under this regulation contains
matters that should be treated as confidential, the board may advise the
Treasurer of that opinion giving the reason for the opinion and the Treasurer
may, subject to subregulation (4), act on that advice as the Treasurer
thinks fit.
(4) If the Treasurer
is satisfied on the basis of the board's advice under subregulation (3)
that the subsidiary owes a duty of confidence in respect of a matter, the
Treasurer must ensure the observance of that duty in respect of the matter,
but this subregulation does not prevent a disclosure as required in the proper
performance of ministerial functions or duties.
(5) The subsidiary
must notify the Minister if a request is made under this regulation.