QLDIn ForceAct
Queensland Investment Corporation Act 1991
sec.8Existing legal relationships not affected
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### sec.8 Existing legal relationships not affected
The operation of this part, part 5 and sections 40 and 44 , an amendment of this Act or the Corporation becoming a GOC—
does not place the Corporation in breach of a contract or confidence or otherwise make it guilty of a civil wrong; and
does not make the Corporation in breach of an instrument, including, for example, an instrument prohibiting, restricting or regulating the assignment or transfer of a right or liability or the disclosure of information; and
is taken not to fulfil a condition—
allowing a person to end an instrument or obligation or change the operation or effect of an instrument or obligation; or
requiring an 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 require any attornment to the Corporation by a lessee from QTC.
In this section—
instrument has the same meaning as in the GOC Act .
s 8 sub 1994 No. 38 s 5
(sec.8-ssec.1) The operation of this part, part 5 and sections 40 and 44 , an amendment of this Act or the Corporation becoming a GOC— does not place the Corporation in breach of a contract or confidence or otherwise make it guilty of a civil wrong; and does not make the Corporation in breach of an instrument, including, for example, an instrument prohibiting, restricting or regulating the assignment or transfer of a right or liability or the disclosure of information; and is taken not to fulfil a condition— allowing a person to end an instrument or obligation or change the operation or effect of an instrument or obligation; or requiring an 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 require any attornment to the Corporation by a lessee from QTC.
(sec.8-ssec.2) In this section— instrument has the same meaning as in the GOC Act .
- (a) does not place the Corporation in breach of a contract or confidence or otherwise make it guilty of a civil wrong; and
- (b) does not make the Corporation in breach of an instrument, including, for example, an instrument prohibiting, restricting or regulating the assignment or transfer of a right or liability or the disclosure of information; and
- (c) is taken not to fulfil a condition— (i) allowing a person to end an instrument or obligation or change the operation or effect of an instrument or obligation; or (ii) requiring an amount to be paid before its stated maturity; and
- (i) allowing a person to end an instrument or obligation or change the operation or effect of an instrument or obligation; or
- (ii) requiring an 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 require any attornment to the Corporation by a lessee from QTC.
- (i) allowing a person to end an instrument or obligation or change the operation or effect of an instrument or obligation; or
- (ii) requiring an amount to be paid before its stated maturity; and