Barrister AI
All legislation
ACTAct
In force
This is the latest official compilation.Check the official source →
s 15

Relationship of pt 3 with other laws

In force
Part 3Authorised deposit-taking institutions—transfer of business

15 Relationship of pt 3 with other laws

(1)

This part has effect despite anything in a contract, deed, undertaking, agreement or other instrument.

(2)

Nothing done under this part—

(a)

places a receiving body, a transferring body or another person in breach of contract or confidence or otherwise makes any of them guilty of a civil wrong; or

(b)

places a receiving body, a transferring body or another person in breach of—

(i)

a territory law; or

(ii)

a contractual provision prohibiting, restricting or regulating the assignment or transfer of an asset or liability or the disclosure of information; or

(c)

releases a surety, wholly or partly, from all or any of the surety’s obligations.

(3)

Without limiting subsection (1), if, apart from this section, the advice or consent of a person would be necessary for a particular purpose, the advice is taken to have been obtained or the consent is taken to have been given.

Research tools for this sectionPro

The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.

Section 15 — Relationship of pt 3 with other laws — Financial Sector Reform (ACT) Act 1999 (Australian Capital Territory) — Barrister AI