Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to subsection (3), this Division has effect despite anything in:
(a) any other law of the Commonwealth or of a State or Territory; or
(b) any contract, deed, undertaking, agreement or other instrument.
(2) Without limiting subsection (1), and subject to subsection (3), nothing done by or under this Division:
(a) places a body corporate or other person in breach of contract or confidence or otherwise makes any of them guilty of a civil wrong; or
(b) places a body corporate or other person in breach of:
(i) any law of the Commonwealth or of a State or Territory; or
(ii) any contractual provision prohibiting, restricting or regulating the assignment or transfer of any asset or liability or the disclosure of any information; or
(c) releases any surety, wholly or partly, from all or any of the surety's obligations.
(3) Nothing in this Division limits the operation of:
(a) any of the provisions of the Privacy Act 1988 ; or
(b) any of the provisions of the Competition and Consumer Act 2010 ; or
(c) any of the provisions of the Fair Work Act 2009 , the Fair Work (Registered Organisations) Act 2009 , or the Fair Work (Transitional Provisions and Consequential Amendments) Act 2009 .