Foreign Acquisitions and Takeovers Act 1975

PART 7 - ADMINISTRATIVE PROVISIONS  

Division 3 - Confidentiality of information  

SECTION 122   AUTHORISATION OF DISCLOSURES TO COMMONWEALTH MINISTERS AND COMMONWEALTH BODIES  

Authorisation

122(1)    
A person may disclose protected information to a person covered by subsection (2) for the purposes of:

(a)    administering a law covered by subsection (3) ; or

(b)    a Minister discharging that Minister ' s responsibility for a matter covered by subsection (5) .

Persons to whom protected information may be disclosed

122(2)    
This subsection covers the following persons:

(a)    a Minister who has responsibility for:

(i) administering a law covered by subsection (3) ; or

(ii) a matter covered by subsection (5);

(b)    

an individual who is employed by such a Minister under the Members of Parliament (Staff) Act 1984 ;

(c)    an officer or employee of a Department of State, or of an authority or agency of the Commonwealth, administered by such a Minister.

Relevant laws

122(3)    
This subsection covers the following laws:

(a)    the Airports Act 1996 ;

(b)    the Australian Crime Commission Act 2002 ;

(c)    the Australian Prudential Regulation Authority Act 1998 ;

(d)    the Australian Securities and Investments Commission Act 2001 ;

(e)    the Australian Security Intelligence Organisation Act 1979 ;

(f)    

the Australia ' s Foreign Relations (State and Territory Arrangements) Act 2020 ;

(g)    

the Banking Act 1959 ;

(h)    the Competition and Consumer Act 2010 ;

(i)    the Corporations Act 2001 ;

(j)    the Defence Act 1903 ;

(k)    the Financial Sector (Shareholdings) Act 1998 ;

(l)    the Industry Research and Development Act 1986 ;

(m)    the Inspector-General of Intelligence and Security Act 1986 ;

(n)    the Insurance Acquisitions and Takeovers Act 1991 ;

(o)    the Intelligence Services Act 2001 ;

(p)    the Migration Act 1958 ;

(q)    the Northern Australia Infrastructure Facility Act 2016 ;

(r)    the Proceeds of Crime Act 2002 ;

(s)    the Qantas Sale Act 1992 ;

(t)    the Security of Critical Infrastructure Act 2018 ;

(u)    a taxation law (within the meaning of section 995-1 of the Income Tax Assessment Act 1997 );

(v)    the Telstra Corporation Act 1991 ;

(w)    any law determined by the Treasurer under subsection (4).

122(4)    
The Treasurer may, by legislative instrument, determine laws for the purposes of paragraph (3)(w) .

Relevant matters

122(5)    
This subsection covers the following matters:

(a)    agriculture;

(b)    water;

(c)    infrastructure;

(d)    telecommunications;

(e)    industry policy;

(f)    investment promotion;

(g)    taxation policy;

(h)    foreign investment in Australia;

(i)    defence;

(j)    national security.