New South Wales Consolidated Acts

FREIGHT RAIL CORPORATION (SALE) ACT 2001 - SECT 47

47 Protection of contractual and other obligations

(1) This section applies to the following:

(a) the operation of this Act (including any notice or order under this Act and anything done or omitted to be done under or for the purposes of this Act),

(b) the sale or proposed sale of FreightCorp as authorised by this Act,

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

(d) a disclosure of information made for the purposes of the sale or proposed sale of FreightCorp as authorised by this Act.

(2) None of the matters or things to which this section applies are to be regarded:

(a) as a breach of confidence, or

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

(c) 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

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

(e) as giving rise to a breach of or an offence against a provision of an Act that prohibits or restricts the disclosure of information.