South Australian Consolidated Regulations

BANK MERGERS (SOUTH AUSTRALIA) (ST.GEORGE/ADVANCE) REGULATIONS 1998 - REG 12

12—Effect of things done or allowed under regulations

Nothing done or allowed under these regulations or anything else necessary to give effect to the merger—

            (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.