Financial Sector Reform (Northern Territory) 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;

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

a law of the Territory; 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 in a particular respect, the advice is taken to have been obtained or the consent is taken to have been given.

Part 4 Conferral of functions and powers o APRA and ASIC