Corporations Act 2001
A person who inspects books on behalf of an applicant under section 247A must not disclose information obtained during the inspection.
Subsection (1) does not apply to the extent that the disclosure is to:
(a) ASIC; or
(b) the applicant.
Note: A defendant bears an evidential burden in relation to the matter in subsection (2), see subsection 13.3(3) of the Criminal Code .
[ CCH Note: S 247C(2) will be amended by No 69 of 2020, s 3, Sch 1, by inserting " or the Registrar " after " ASIC " in para (a) (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .