(1) The subsidiary
must, at the request in writing of the Minister or the Treasurer, furnish such
information or records in the possession or control of the subsidiary as the
Minister or the Treasurer may require in such manner and form as the Minister
or the Treasurer may require.
(2) If a record in the
possession or control of the subsidiary is furnished to the Minister or the
Treasurer under this regulation, the person to whom it is furnished may make,
retain and deal with copies of the record as he or she thinks fit.
(3) If the board
considers that information or a record furnished under this regulation
contains matters that should be treated as confidential, the board may advise
the person to whom it is furnished of that opinion giving the reason for the
opinion and the Minister or the Treasurer may, subject to
subregulation (4), act on that advice as the Minister or the Treasurer
thinks fit.
(4) If the Minister or
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 Minister or 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—
(a)
notify the Minister if a request is made by the Treasurer under this
regulation; and
(b)
notify the Treasurer if a request is made by the Minister under this
regulation.