sec.296Contractual rights etc. are unaffected

### sec.296 Contractual rights etc. are unaffected Without limiting section 295 and to remove any doubt, it is declared that the continuation of a local government under that section— does not place the local government in breach of contract or otherwise make it guilty of a civil wrong; and does not make the local government in breach of any instrument, including, for example, an instrument prohibiting, restricting or regulating the assignment or transfer of any right or liability; and is not taken to fulfil a condition— allowing a person to terminate an instrument or liability or modify the operation or effect of an instrument or liability; or requiring any amount to be paid before its stated maturity; and does not release a surety or other obligee, in whole or part, from an obligation; and does not negate any decision made by the local government. s 296 ins 2012 No. 33 s 175 - (a) does not place the local government in breach of contract or otherwise make it guilty of a civil wrong; and - (b) does not make the local government in breach of any instrument, including, for example, an instrument prohibiting, restricting or regulating the assignment or transfer of any right or liability; and - (c) is not taken to fulfil a condition— (i) allowing a person to terminate an instrument or liability or modify the operation or effect of an instrument or liability; or (ii) requiring any amount to be paid before its stated maturity; and - (i) allowing a person to terminate an instrument or liability or modify the operation or effect of an instrument or liability; or - (ii) requiring any amount to be paid before its stated maturity; and - (d) does not release a surety or other obligee, in whole or part, from an obligation; and - (e) does not negate any decision made by the local government. - (i) allowing a person to terminate an instrument or liability or modify the operation or effect of an instrument or liability; or - (ii) requiring any amount to be paid before its stated maturity; and