CONVEYANCERS ACT 2006 - SECT 118 Information about receivable property
CONVEYANCERS ACT 2006 - SECT 118
Information about receivable property(1) A person who has information relating to receivable property, or property that a receiver believes on reasonable grounds to be receivable property, must give the information to the receiver if required by the receiver to do so.
Penalty: 120 penalty units.
(2) A licensee who has any information referred to in subsection (1) may not refuse to comply with a requirement of a receiver under that subsection merely because the information was obtained in confidence from a client or former client of the licensee.
(3) A person who complies with a requirement under this section is not, merely because of that compliance, subject to any liability, claim or demand.
(4) Information given to a receiver under this section is not admissible as evidence in any legal proceedings, other than—
(a) proceedings taken by a receiver for the recovery of receivable property; or
(b) proceedings taken against a person for a breach of this Act or the regulations; or
(c) with the consent of the relevant licensee or relevant associate to whom the information relates.