70Protection of contractual and other obligations

70 Protection of contractual and other obligations

70 Protection of contractual and other obligations

(1) This section applies to the following—

(a) the operation of this Act,

(b) the sale of AFML as authorised by this Act,

(c) an agreement, a guarantee or other arrangement or transaction, entered into or carried out under this Act for purposes connected with this Act,

(d) a disclosure of information made for the purposes of the sale or proposed sale of AFML (including a disclosure in any memorandum of information given to persons expressing an interest in the sale or a disclosure in response to an inquiry made by a prospective purchaser).

(2) None of the matters or things referred to in subsection (1) are to be regarded as a breach of confidence or otherwise as a civil wrong or as giving rise to a breach or an offence against a provision of an Act that prohibits or restricts the disclosure of information.

(3) None of the matters or things referred to in subsection (1) are to be regarded—

(a) as a breach of contract or another instrument or as requiring any act to be done under an instrument, or

(b) as giving rise to any right or remedy by a party to an instrument, or as causing or permitting the termination of an instrument, or

(c) as an event of default under an instrument, or

(d) as a contravention of section 205 (1) (a) of the Corporations Law.

(4) Subsections (2) and (3) do not affect, and a reference in subsection (3) to an instrument does not include, an agreement, a guarantee or other arrangement or transaction, entered into or carried out under this Act for purposes connected with this Act.

(5) A reference in subsection (3) to an instrument does not include an Act.

(6) Subsection (3) (d) has effect despite section 205 (1) (a) of the Corporations Law.