(1) A person must not
disclose or use prescribed information gained by a person through involvement
in the administration of this Act unless the person does so—
(a) when
necessary for the purposes of this Act; or
(b) when
expressly authorised, in writing, by the person to whom the information
relates; or
(c) when
required to do so by a court or tribunal constituted by law; or
(d) when
authorised or required under the regulations.
Maximum penalty: $50 000.
(2) This section does
not apply to the recording, disclosure or use of information in a statistical
or other form that could not reasonably be expected to cause any material
detriment to a particular person.
(3) In this
section—
"prescribed information" means—
(a)
information that is commercial, financial, scientific or technical in nature
that would reveal proprietary business, competitive or trade secret
information of significant value if released; or
(b)
information that is commercially sensitive for some other reason; or
(c)
information that is brought within the ambit of this definition by the
regulations.