Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3B - CRISIS RESOLUTION FOR CS FACILITY LICENSEES  

Division 4 - Compulsory transfer of business or shares  

Subdivision C - Other matters  

SECTION 839B  

839B   RESERVE BANK MAY PROVIDE INFORMATION TO RECEIVING BODY  

The Reserve Bank may, in connection with a determination or a possible determination under section 837A or 837B that there is to be a transfer, provide information (including personal information or confidential commercial information) to the receiving body, or to the possible or proposed receiving body, about:

(a)    if the determination is, or would be, made under section 837A :

(i) some or all of the shares that are to be, or that may be, transferred; and

(ii) the business of the target body; or

(b)    if the determination is, or would be, made under section 837B - some or all of the business that is to be, or that may be, transferred.

Note: Subsection 79A(7A) of the Reserve Bank Act 1959 allows conditions to be imposed on a body who is provided information under this section to be complied with by the body in relation to that information.