South Australian Consolidated Acts

FINANCIAL SECTOR (TRANSFER OF BUSINESS) ACT 1999 - SECT 9

9—Relationship of Act with other laws

        (1)         This Act has effect despite anything in a contract, deed, undertaking, agreement or other instrument.

        (2)         Nothing done by or under this Act—

            (a)         places a receiving body, a transferring body or another person in breach of contract or confidence or otherwise makes any of them guilty of a civil wrong; or

            (b)         places a receiving body, a transferring body or another person in breach of—

                  (i)         a law of the State; or

                  (ii)         a contractual provision prohibiting, restricting or regulating the assignment or transfer of an asset or liability or the disclosure of information; or

            (c)         releases a surety, wholly or partly, from all or any of the surety's obligations.

        (3)         Without limiting subsection (1), if, apart from this section, the advice or consent of a person would be necessary in a particular respect, the advice is taken to have been obtained or the consent is taken to have been given.