Victorian Current Acts

STATE BANK (SUCCESSION OF COMMONWEALTH BANK) ACT 1990 - SECT 18

Nothing effected by this Act or done or suffered by the State Bank, the Treasurer or the Commonwealth Bank under this Act or the Agreement—

        (a)     is to be regarded as placing the State Bank, the Treasurer or the Commonwealth Bank 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 of them 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 terminate any agreement or obligation; or

        (d)     releases any surety or other obligee wholly or in part from any obligation.