Foreign Acquisitions and Takeovers Act 1975

PART 7 - ADMINISTRATIVE PROVISIONS  

Division 3 - Confidentiality of information  

SECTION 120   MEANING OF PROTECTED INFORMATION  

120(1)    
Information is protected information if the information is obtained under, in accordance with or for the purposes of this Act, except:

(a)    information specified in an exemption certificate given under:


(i) section 57 (exemption certificates for new dwellings); or

(ii) regulations made for the purposes of section 63 ; or

(b)    subject to subsection (2) , information that is:


(i) obtained by a person appointed to a position in the Australian Taxation Office, or a person engaged under the Public Service Act 1999 who is employed in the Australian Taxation Office; and

(ii) obtained under, in accordance with or for the purposes of this Act as a result of a delegation or subdelegation under section 137 , or a request under subsection 138(4) .

Note: Information mentioned in paragraph (b) is protected under Division 355 in Schedule 1 to the Taxation Administration Act 1953 .


120(2)    
If:

(a)    information is mentioned in paragraph (1)(b) ; and

(b)    the information is disclosed under Subdivision 355-B in Schedule 1 to the Taxation Administration Act 1953 ; and

(c)    

the disclosure is made to:

(i) the Secretary; or

(ii) a person appointed or engaged under the Public Service Act 1999 who is employed in the Department; or

(iii) a person appointed by the Commonwealth for the purposes of this Act;

the information mentioned in paragraph (1)(b) is protected information in relation to further uses, disclosures or records made of the information that arise from the disclosure mentioned in paragraph (b) of this subsection.



 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.