Section 63
Rights of beneficiary to confidentiality
of Labuan Foundations Act 2010
When disclosing any information or document to any beneficiary, the council members, supervisory person or officers of the Labuan foundation shall—
(a)
if other beneficiaries have requested confidentiality; or
(b)
if the council members, supervisory person or officers in their absolute discretion determine confidentiality to be in the best interest of the other beneficiaries, take all reasonable steps to secure the rights to confidentiality of the other beneficiaries by providing such beneficiaries only with such document or information so as to enable the beneficiary’s own entitlement and interest or benefits under the Labuan foundation to be determined.
Labuan Foundations 49
(2)
The information and documents may include copies or certified extracts of the constituent document or other documents and copies of advices or statements from which the names and interests of other beneficiaries have been edited or deleted to preserve the confidentiality to which such other beneficiaries are entitled.