12Part does not place person in breach of contract etc.

12 Part does not place person in breach of contract etc.

The operation of this Part is not to be regarded as: (a) placing a person in breach of contract or confidence; or (b) otherwise making a person guilty of a civil wrong; or (c) placing a person in breach of any contractual provision prohibiting, restricting or regulating: (i) the assignment or transfer of any asset or liability; or (ii) the disclosure of any information; or (d) releasing any surety from any of the surety’s obligations in relation to a liability that is transferred to a company under this Part.