3GEffect of transfer of land under this part

3G Effect of transfer of land under this part

3G Effect of transfer of land under this part

(1) Land may be transferred under this part despite a requirement of another Act or law that relates to dealing with or disposing of the land.

(2) No compensation is payable to a person or body in connection with the operation of this section.

(3) The operation of this section must not be regarded as—

(a) a breach of contract or confidence or otherwise as a civil wrong, or

(b) a breach of a contractual provision prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities, or

(c) giving rise to a remedy by a party to an instrument, or causing or permitting the termination of an instrument, because of a change in the beneficial or legal ownership of an asset, right or liability.

(4) Duty under the Duties Act 1997 is not chargeable for or in relation to—

(a) a vesting or transfer of land effected under this section or in accordance with arrangements entered into under this Act, or

(b) anything certified by the Minister as having been done in consequence of the vesting or transfer or under the arrangements.

s 3G: Ins 2023 No 38, Sch 1[3].