Australian Capital Territory Numbered Acts

STATE BANK OF SOUTH AUSTRALIA (TRANSFER OF UNDERTAKING) ACT 1994 (NO. 31 OF 1994) - SECT 14

14. Nothing done or allowed under this Act—

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

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

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

        (d)     constitutes a civil or criminal wrong;

        (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.

[Presentation speech made in Assembly on 19 May 1994]

© Australian Capital Territory 2003