New South Wales Consolidated Acts

CANBERRA ADVANCE BANK LIMITED (MERGER) ACT 1992 - SECT 20

20 Effect of things done under this Act

Nothing effected by this Act or done or suffered by CAB or ABA under this Act or in seeking the enactment of this Act:

(a) is to be taken as:

• placing either of them in breach of any agreement, arrangement or understanding, or

• placing either of them in breach of trust, confidence or other equitable obligation, or

• causing any anticipatory breach of any agreement, arrangement or understanding, or

• otherwise making either of them commit a civil wrong, or

(b) is to be taken as placing either of them in breach of or as constituting a default under any Act or other law or any provision in any agreement, arrangement or understanding including, without limiting the generality of the foregoing, any provision prohibiting, restricting or regulating the assignment or transfer of any property or the disclosure of any information, or

(c) is to be taken as fulfilling any condition which allows a person to terminate or otherwise exercise a right or power under or in connection with any agreement or liability, or

(d) releases any surety or other obligor wholly or in part from any liability whether actual, contingent or prospective.