Plain language law

New Zealand law explained for everyone

Deposit Takers Act 2023

Miscellaneous - Confidentiality

445: Conditions relating to disclosure of information

You could also call this:

"Rules for keeping shared information private"

Illustration for Deposit Takers Act 2023

When the Bank shares information with you under section 442(2)(c), (e), or (f), they can set conditions on how you use that information. The Bank thinks about what conditions to set to protect people's privacy. They want to make sure individuals' personal information is safe.

The Bank can set conditions about keeping the information secret, how you store and use it, and what you do with copies of documents they give you. You might have to follow rules about copying, returning, or getting rid of documents. The Bank decides what conditions are necessary to keep people's information private.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS496784.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesRights and equality > Privacy
Previous

444: Offence to make unauthorised disclosure, or

"Don't share secret bank information or you could get in trouble with the law"

Next

446: Restrictions on further disclosure of information, or

"Rules for sharing information you get from the Bank"

Part 8Miscellaneous
Confidentiality

445Conditions relating to disclosure of information

  1. The Bank may, by notice to a person to whom any information is published or disclosed under section 442(2)(c), (e), or (f), impose any conditions in relation to the publication, disclosure, or use of the information by the person.

  2. The Bank must, in considering what conditions to impose, have regard to whether conditions are necessary or desirable in order to protect the privacy of any individual.

  3. Conditions imposed may include, without limitation, conditions relating to—

  4. maintaining the confidentiality of anything provided:
    1. the storing of, the use of, or access to anything provided:
      1. the copying, returning, or disposing of copies of documents provided.