Plain language law

New Zealand law explained for everyone

Deposit Takers Act 2023

Supervision of deposit takers - Confidentiality orders

132: Offence to contravene confidentiality order

You could also call this:

"Breaking a secrecy order is a crime"

Illustration for Deposit Takers Act 2023

If you break a confidentiality order, you commit an offence. You do this if you publish or communicate information that you are not supposed to, and you know this or do not care that you are not supposed to. You can be in trouble if you do this.

If you are found guilty of this offence, you can get in trouble. As an individual, you can go to prison for up to one year, or you can get a fine of up to $100,000, or you can get both. If you are not an individual, you can get a fine of up to $2,500,000.

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 It might be out of date or be missing some parts.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=LMS538467.

Topics:
Crime and justice > Criminal lawMoney and consumer rights > Banking and loansBusiness > Industry rules
Previous

131: Disclosure with Bank’s consent, or

"Sharing secret information with the Bank's permission"

Next

133: Bank may require its warning to be disclosed, or

"Banks can make companies tell you if they're doing something wrong"

Part 4Supervision of deposit takers
Confidentiality orders

132Offence to contravene confidentiality order

  1. A person commits an offence if they—

  2. publish or communicate information in contravention of a confidentiality order; and
    1. know that, or are reckless as to whether, publishing or communicating the information contravenes a confidentiality order.

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

      2. 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.