Western Australian Current Acts Western Australian Current Acts (1) No person dealing
with Westpac or Challenge (in any capacity whatsoever) nor the Registrar of
Titles, nor any other person registering or certifying title to land or having
the power or duty to examine or receive evidence as to title to land, in
respect of any dealing or transaction entered into or purporting to be entered
into by Westpac or Challenge, is to be concerned to see, or enquire into,
whether any property the subject of the dealing or transaction (whether or not
that property is land) is an excluded asset, nor is such person to be affected
by any notice, express, implied or constructive, that any such property is an
excluded asset.
(2) If any dealing or
transaction is entered into by Westpac with any person, in relation to or in
connection with an excluded asset, it is to be deemed in favour of that person
that Westpac has full power and authority to enter into that dealing or
transaction as if the excluded asset had vested in Westpac under this Act.
(3) Nothing in this
section affects the liability of Westpac to Challenge in respect of anything
done, or purporting to be done, by Westpac in relation to or in connection
with an excluded asset.