this section has effect for the purposes of:

(c)

making a claim under section 954D in respect of the loan; and

(d)

the application of this Part (other than section 980) in relation to such a claim.

(2) Subject to subsections (3) and (4), the novation is to be disregarded. (3) If:

(a)

an obligation under the loan to pay an amount is replaced by an obligation under a replacement agreement to pay an amount; and

(b)

that obligation under the replacement agreement has been, or is to be, taken into account for the purposes of provisions of the business rules of a settlement authority that are of the kind referred to in subsection 954N(1);