43Effect of this Act on contracts, instruments and related matters

43 Effect of this Act on contracts, instruments and related matters

43 Effect of this Act on contracts, instruments and related matters

The operation of this Act (and, in particular, Division 2 of Part 2) is not to be regarded as:

(a) a breach of contract, trust or confidence or otherwise as a civil wrong, or

(b) a breach of any instrument (including, without limitation, any provision prohibiting, restricting or regulating the assignment or transfer of employees, assets, rights, liabilities or regulatory authorisations), or

(c) an event of default under any contract or other instrument, or

(d) giving rise to any remedy by a party to a contract or other instrument, or as causing or permitting the termination of, or exercise of rights under, any contract or other instrument.

Note—

See section 5G of the Corporations Act and the declaration made in relation to this section by section 44 (1) of this Act.