Plain language law

New Zealand law explained for everyone

Deposit Takers Act 2023

Miscellaneous - Confidentiality

447: Offence for unauthorised disclosure or use

You could also call this:

"Breaking the rule about keeping secrets can get you in big trouble"

Illustration for Deposit Takers Act 2023

If you intentionally or recklessly share or use information that you are not supposed to, you can commit an offence. This is if you do something that goes against what is said in section 446. You can get in trouble if you break this rule.

If you are found guilty of this offence, you can face consequences. As an individual, you could go to prison for up to 1 year, or you could get a fine of up to $100,000, or both.

If you are not an individual, you could get a fine of up to $2,500,000 if you are found guilty of this offence.

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 It might be out of date or be missing some parts.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=LMS496786.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesCrime and justice > Criminal law
Previous

446: Restrictions on further disclosure of information, or

"Rules for sharing information you get from the Bank"

Next

448: When subpart applies, or

"When you must follow the Bank's rules to do something under the Deposit Takers Act 2023."

Part 8Miscellaneous
Confidentiality

447Offence for unauthorised disclosure or use

  1. A person who intentionally or recklessly publishes, discloses, or uses information in contravention of section 446 commits an offence.

  2. A person who commits an offence against this section is liable on conviction,—

  3. in the case of an individual, to imprisonment for a term not exceeding 1 year or to a fine not exceeding $100,000 (or both):
    1. in any other case, to a fine not exceeding $2,500,000.