Excluded assets
17 Excluded assets
No person dealing with ANZ or Town & Country (in any capacity whatsoever) nor the Registrar of Titles, nor any other person registering or certifying title to land or having the power or duty to examine or receive evidence as to title to land, in respect of any dealing or transaction entered into or purporting to be entered into by ANZ or Town & Country, is to be concerned to see, or enquire into, whether any property the subject of the dealing or transaction (whether or not that property is land) is an excluded asset, nor shall such person be affected by any notice, express, implied or constructive, that any such property is an excluded asset.
If any dealing or transaction is entered into by ANZ with any person, in relation to or in connection with an excluded asset, it is to be deemed in favour of that person that ANZ has full power and authority to enter into that dealing or transaction as if the excluded asset had vested in ANZ under this Act.
Nothing in this section affects the liability of ANZ to Town & Country in respect of anything done, or purporting to be done, by ANZ in relation to or in connection with an excluded asset.
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