Effect of things done under Act
32 Effect of things done under Act
This section applies to the following:
(a) the enactment, commencement or operation of this Act or the making, commencement or operation of any statutory instrument made under this Act (including a statutory instrument that amends this Act);
(b) a transfer of port assets for the purposes of an authorised transaction, including under a vesting order;
(c) the entering into of, or performance of obligations by a public sector entity under, a transaction arrangement;
(d) a disclosure of information by, on behalf of or with the consent or approval of, a public sector entity for the purposes of an authorised transaction;
(e) the doing, or omitting to do, of any other act, matter or thing under, or for, this Act or any statutory instrument made under this Act.
The acts, matters or things to which this section applies:
(a) are not to be regarded as placing any person in breach of contract or confidence or as otherwise making any person guilty of a civil wrong; or
(b) are not to be regarded as placing any person in breach of, or as constituting a default under:
any law of the Territory; or
(ii) any provision in any agreement, arrangement or understanding including, but not limited to, any provision prohibiting, restricting or regulating the assignment or transfer of any property or the disclosure of any information; or
(c) are not to be regarded as fulfilling any condition which allows a person to exercise a right or remedy in respect of, or to terminate, any agreement or obligation; or
(d) are not to be regarded as giving rise to any remedy for a party to a contract or an instrument or as causing or permitting the termination of any contract or instrument because of a change in the beneficial or legal ownership of any property, right or liability; or
(e) are not to be regarded as causing any contract or instrument to be void or otherwise unenforceable; or
are not to be regarded as frustrating any contract; or
(g) do not release any surety or other obligee wholly or in part from any obligation.
This Act’s bill:Explanatory statementSecond reading speech
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