Clause 49

This section applies where a regulation made under section 105P imposes a duty on a person (A) to provide any information to another person.(2) In relation to a duty to provide information that arises on or after the date the Income Tax (Amendment) Act 2016 is published in the Gazette, A is not excused from providing the information by reason only that A is under a duty not to collect, use or disclose that information, whether imposed by written law, rule of law, any contract or any rule of professional conduct, in respect of that information.(3) A who in good faith and with reasonable care does any act for the purpose of complying with the regulation mentioned in subsection (1) is not to be treated as being in breach of any duty mentioned in subsection (2).(4) No civil or criminal action for a breach of any such duty, other than criminal action for an offence under section 105M (if applicable), lies against A —

for producing any document or providing any information if A does so in good faith and with reasonable care in compliance with the regulation mentioned in subsection (1); or

for doing or omitting to do any act if A does or omits to do the act in good faith and with reasonable care and for the purpose of or as a result of complying with the regulation mentioned in subsection (1).(5) Despite subsection (2), subsection (1) does not apply to any information subject to legal privilege.”.