Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part IX · Miscellaneous
114B. Protection in relation to disclosure of information to Bank
Feedback & supportWhere a person discloses in good faith to the Bank his knowledge or belief or any document or information that a contravention, breach or non-compliance has been committed or is about to be committed under this Act—
person
“person” includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
such person shall not be liable for a breach of a duty of confidentiality imposed by any law, contract or rules of professional conduct;
it shall be a defence in an action, a suit, prosecution or proceeding that is brought, instituted or maintained in any court or before any other authority against the person who made the disclosure to the Bank that in his belief the disclosure was necessary for the carrying into effect the provisions of this Act; and
no contractual or other rights or remedy may be enforced against the person on the basis of the disclosure.
Any document or information disclosed to the Bank under subsection (1) and the information and identity of the person making the disclosure shall be secret between the Bank and the person who made the disclosure.
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development
“development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture;