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Deposit Takers Act 2023

Miscellaneous - Confidentiality

446: Restrictions on further disclosure of information

You could also call this:

"Rules for sharing information you get from the Bank"

Illustration for Deposit Takers Act 2023

If someone gets information under section 442(2)(c), they can only use it for certain things. They can use it for the purposes of, or in connection with, the functions, powers, or duties mentioned in section 442(2)(c). They must also follow any conditions set by the Bank.

If someone gets information under section 442(2)(e), they can only use it if the Bank says they can. The Bank might also set some conditions that they must follow. Alternatively, they can use the information if it is for the purposes of, or in connection with, the functions, powers, or duties of a person under any legislation.

If someone gets information under section 442(2)(f), they can only use it according to the conditions of the consent, if there are any.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS496785.

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Money and consumer rights > Banking and loansBusiness > Industry rules
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"Rules for keeping shared information private"

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Part 8Miscellaneous
Confidentiality

446Restrictions on further disclosure of information

  1. If information is published or disclosed to a person under section 442(2)(c), the person may publish, disclose, or use the information only—

  2. for the purposes of, or in connection with, functions, powers, or duties referred to in section 442(2)(c); and
    1. in accordance with any conditions imposed by the Bank.

      1. If information is published or disclosed to a person under section 442(2)(e), the person may publish, disclose, or use the information only if the publication, disclosure, or use—

      2. is authorised by the Bank and is in accordance with any conditions imposed by the Bank; or
        1. is for the purposes of, or in connection with, the functions, powers, or duties of a person under any legislation.

          1. If information is published or disclosed to a person under section 442(2)(f), the person may publish, disclose, or use the information only in accordance with the conditions of the consent (if any).