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292. Obligation of disclosure to the Registrar

(1) Subject to subsection (2), an insolvency practitioner appointed to a Company or to a Deed of Company Arrangement shall disclose to the Registrar any matter which reasonably tends to show one of the following —
(a) a breach, or likely breach of a provision of these Regulations or other legislation administered by the Registrar; or
(b) a failure, or likely failure, to comply with any obligation to which a person is subject under such legislation,
which may be attributable to the conduct of the relevant Company or of its officers, employees or agents.
(2) Subsection (1) shall not apply to the extent that compliance with such requirement would disclose a Privileged Communication.
(3) Any provision in an agreement between a Company and an officer, employee, agent or insolvency practitioner is void in so far as it purports to hinder any person from causing or assisting a Company to comply with an obligation under subsection (1).
(4) No person shall be subjected to detriment or loss or damage merely by reason of undertaking any act to cause or assist an insolvency practitioner to comply with an obligation under subsection (1).
(5) A Court may, on application of an aggrieved person, make any order for relief where the person has been subjected to any such detriment or loss or damage referred to in subsection (1).
(6) Without limiting the application of any other provision of these Regulations, an insolvency practitioner does not contravene any duty to which he is subject merely because he gives to the Registrar —
(a) a notification as required under this Section; or
(b) any other information or opinion in relation to any such matter,
if the insolvency practitioner is acting in good faith and reasonably believes that the notification, information or opinion is relevant to any functions of the Registrar.