South Australian Consolidated Acts

BANK MERGER (NATIONAL/BNZ) ACT 1997 - SECT 17

17—Effect of things done or allowed under Act

Nothing done or allowed under this Act—

            (a)         constitutes a breach of, or default under, an Act or other law; or

            (b)         constitutes a breach of, or default under, a contract, agreement, understanding or undertaking; or

            (c)         constitutes a breach of a duty of confidence (whether arising by contract, in equity or by custom) or in any other way; or

            (d)         constitutes a civil or criminal wrong; or

            (e)         terminates an agreement or obligation or fulfils any condition that allows a person to terminate an agreement or obligation, or gives rise to any other right or remedy; or

            (f)         releases a surety or any other obligee wholly or in part from an obligation.