Section 160 — Restriction on auditor’s and employee’s right to communicate certain matters

(1)Except as may be necessary for the carrying into effect of the provisions of this Part or so far as may be required for the purposes of any legal proceedings, whether civil or criminal —

(a)an auditor appointed under section 158(1) or (2); or

(b)any employee of such auditor, must not disclose any information that comes to the auditor’s or employee’s knowledge in the course of performing the auditor’s or employee’s duties, to any person other than the Authority or, in the case of an employee of such auditor, the auditor.

(2)A person that contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction —

(a)in the case of the auditor, to a fine not exceeding $25,000; or

(b)in the case of the employee, to a fine not exceeding $12,500.