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The legislation provides that the Commonwealth and Westpac shall exchange information as required by the Agreement. In general this is related to events which have bearing upon the payment of, or entitlement to, the subsidy. They are detailed in Schedule 1 "D" of the Agreement.
As DSH loan application forms make applicants aware that information relevant to their subsidised advance will be disclosed to Westpac, the disclosure of any such information is permitted by the Privacy Act 1988.