33ZCPart to have effect in spite of laws and agreements prohibiting transfer etc.

#### 33ZC Part to have effect in spite of laws and agreements prohibiting transfer etc. (1) This Part has effect, and must be given effect to, in spite of anything in: (a) any other law of the Commonwealth or any law of a State or Territory; or (b) any contract, deed, undertaking, agreement or other instrument. (2) No provision of this Part, and nothing done by a person because of, or for a purpose connected with or arising out of, this Part: (a) is to be regarded as: (i) placing the Authority, a subsidiary of the Authority or another person in breach of contract or confidence; or (ii) otherwise making the Authority, a subsidiary of the Authority or another person guilty of a civil wrong; or (b) is to be regarded as placing the Authority, a subsidiary of the Authority or another person in breach of: (i) any law of the Commonwealth or of a State or Territory; or (ii) any contractual provision prohibiting, restricting or regulating the assignment or transfer of any asset or liability or the disclosure of any information; or (c) is to be taken to release any surety from any of the surety’s obligations. (3) Without limiting subsection (1), if, apart from this section, the consent of a person would be necessary in order to give effect to this Part in a particular respect, the consent is taken to have been given.