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GAS INDUSTRY (RESIDUAL PROVISIONS) ACT 1994 - SECT 127

Validity of things done under this Part

    (1)     Nothing effected by this Part or done or suffered under this Part—

        (a)     is to be regarded as placing any person in breach of contract or confidence or as otherwise making any of them guilty of a civil wrong; or

        (b)     is to be regarded as placing any person in breach of or as constituting a default under any Act or other law or any provision in any agreement, arrangement or understanding including, without limiting the generality of the foregoing, any provision prohibiting, restricting or regulating the assignment or transfer of any property or the disclosure of any information; or

        (c)     is to be regarded as fulfilling any condition which allows a person to exercise a right or remedy in respect of or to terminate any agreement or obligation; or

        (d)     is to be regarded as giving rise to any remedy for a party to a contract or an instrument or as causing or permitting the termination of any contract or instrument because of a change in the beneficial or legal ownership of any asset, right or liability; or

        (e)     is to be regarded as causing any contract or instrument to be void or otherwise unenforceable; or

        (f)     is to be regarded as frustrating any contract; or

        (g)     releases any surety or other obligor wholly or in part from any obligation.

    (2)     The validity of any act or transaction of GASCOR, the transferee or the chief executive officer of the transferee must not be called in question in any proceedings on the ground that any provision of this Part has not been complied with.

Pt 15 (Heading and ss 150–173) inserted by No. 40/1998
s. 34, amended by Nos 39/1999 s. 30(c), 58/1999 s. 4(b), repealed by No. 32/2001 s. 22.

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Sch. 1 amended by No. 46/1998 s. 7(Sch. 1), repealed by No. 2/2004 s. 14.

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Sch. 1A inserted by No. 91/1997
s. 41, repealed by No. 32/2001 s. 23.

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Sch. 2 amended by Nos 31/1995
s. 44(4)(5), 58/1999 s. 4(c), repealed by No. 40/1998 s. 6(1)(g).

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Sch. 3 repealed by No. 73/2005 s. 4(Sch. 2 item 3.17).

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