Foreign Acquisitions and Takeovers Legislation Amendment Act 2015 (150 of 2015)

Schedule 4   Amendments of confidentiality provisions

Taxation Administration Act 1953

11   Section 355-205 in Schedule 1

Repeal the section, substitute:

355-205 Limits on on-disclosure to courts or tribunals

An entity is not to be required to disclose to a court or tribunal *protected information that was acquired by the entity under Subdivision 355-B or this Subdivision, except where it is necessary to do so for the purpose of carrying into effect the provisions of:

(a) a *taxation law; or

(b) if the entity has or had duties, functions or powers under the Foreign Acquisitions and Takeovers Act 1975 - that Act.

Note: See also section 8ZK of this Act (about protection of witnesses).