Financial Sector Reform (ACT) Act 1999

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

Nothing done under this part—

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

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

a territory law; or

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

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

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.