153OValidity of things done under this Part

153O Validity of things done under this Part

(1) Nothing effected by this Part or done or suffered under this Part—

(a) is to be regarded as placing GV, the State, a Minister, a generation company, SEC or another person in breach of contract or confidence or as otherwise making any of them guilty of a civil wrong; or

(b) is to be regarded as placing any of them in breach of or as constituting a default under any Act or other law or any provision in any agreement, arrangement or understanding including, without limiting the generality of the foregoing, any provision prohibiting, restricting or regulating the assignment or transfer of any property or the disclosure of any information; or

(c) is 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

S. 153O(2) amended by No. 11/2024 s. 63.

(2) The validity of any act or transaction of GV or the Administrator must not be called in question in any proceedings on the ground that any provision of this Act or the Former SEC (Residual Provisions) Act 1958 had not been complied with.

Pt 11A Div. 4 (Heading and s. 153P) inserted by No. 110/1994 s. 25, repealed by No. 10/1998 s. 8(b).

S. 153Q inserted by No. 110/1994 s. 25.