s 12

Part does not place person in breach of contract etc

In force

The operation of this Part is not to be regarded as:

(a)

placing a person in breach of contract or confidence; or

(b)

otherwise making a person guilty of a civil wrong; or

(c)

placing a person in breach of any contractual provision prohibiting, restricting or regulating:

(i)

the assignment or transfer of any asset or liability; or

(ii)

the disclosure of any information; or

(d)

releasing any surety from any of the surety’s obligations in relation to a liability that is transferred to a company under this Part.

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