New South Wales Consolidated Acts

STATE BANK OF SOUTH AUSTRALIA (TRANSFER OF UNDERTAKING) ACT 1994 - SECT 16

16 Effect of things done or allowed under Act

Nothing done or allowed under this Act:

(a) constitutes a breach of, or default under, an Act or other law, or

(b) constitutes a breach of, or default under, a contract, agreement, understanding or undertaking, or

(c) constitutes a breach of a duty of confidence (whether arising by contract, in equity, by custom, or in any other way), or

(d) constitutes a civil or criminal wrong, or

(e) terminates an agreement or obligation, or fulfils any condition that allows a person to terminate an agreement or obligation, or gives rise to any other right or remedy, or

(f) releases a surety or other obligee wholly or in part from an obligation.