Financial Sector Reform (New South Wales) Act 1999
16Relationship of Part with other instruments
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16 Relationship of Part with other instruments
16 Relationship of Part with other instruments
(1) This Part has effect despite anything in a contract, deed, undertaking, agreement or other instrument.
(2) Nothing done under this Part:
(a) places a receiving body, a transferring body or another person in breach of contract or confidence or otherwise makes any of them guilty of a civil wrong, or
(b) places a receiving body, a transferring body or another person in breach of:
(i) a law of the State, or
(ii) a contractual provision prohibiting, restricting or regulating the assignment or transfer of an asset or liability or the disclosure of information, or
(c) releases a surety, wholly or in part, from all or any of the surety’s obligations.
(3) Without limiting subsection (1), if, apart from this section, the advice or consent of a person would be necessary in a particular respect, the advice is taken to have been obtained or the consent is taken to have been given.