26Provisions relating to operation of Divisions 3 and 4

26 Provisions relating to operation of Divisions 3 and 4

26 Provisions relating to operation of Divisions 3 and 4

(1) Compensation is not payable to any person or body in connection with the operation of Division 3 or 4.

(2) The operation of Division 3 or 4 is not to be regarded:

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

(b) as a breach of any contractual provision prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities, or

(c) as giving rise to any remedy by a party to an instrument, or as causing or permitting the termination of any instrument, because of a change in the beneficial or legal ownership of any asset, right or liability.

(3) The operation of Division 3 or 4 is not to be regarded as an event of default under any contract or other instrument.

(4) No attornment to a person in whom property is vested or to whom property is transferred under Division 3 or 4 by a lessee of the previous owner of the property is required.

(5) The operation of Division 3 or 4 includes the making of an order under Division 3, the giving of instructions under Division 4 and the taking of any action in compliance with such instructions.