Financial Sector Reform (Tasmania) Act 1999
16Relationship of Part 4 with other laws
Start here
Get a plain-English read of 16
Turn the raw legal text into a practical explanation grounded in Financial Sector Reform (Tasmania) Act 1999.
16 Relationship of Part 4 with other laws
(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 partly, 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 for a particular purpose, the advice is taken to have been obtained or the consent is taken to have been given.