Western Australian Consolidated Acts

ADVANCE BANK (MERGER WITH ST.GEORGE BANK) ACT 1998 - SECT 19

19 .         Act to have overriding effect

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

        (2)         Nothing done by or under this Act or under the NSW Regulation — 

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

            (b)         places SGB, ABAL or another person in breach of — 

                  (i)         any written law or other law; or

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

                or

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

        (3)         Without limiting subsection (1), where, but for this subsection, the advice or consent of a person would be necessary in a particular respect, the advice is to be taken to have been obtained or the consent is to be taken to have been given, as the case requires.