(1) The validity of an act of the Corporation is not affected by a failure of the Corporation to:
(a) obtain an approval of the Treasurer as required by section 14(2)(a); or
(b) comply with a direction of the Minister given under section 20; or
(c) obtain an approval of the Minister as required by section 21.
(2) Without limiting subsection (1), the validity of a contract for a matter mentioned in section 14(2)(a) is not affected by a failure of the Corporation to obtain an approval of the Treasurer for that contract.