Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3B - CRISIS RESOLUTION FOR CS FACILITY LICENSEES  

Division 4 - Compulsory transfer of business or shares  

Subdivision C - Other matters  

SECTION 839J   RELATIONSHIP OF DIVISION WITH OTHER LAWS ETC.  

839J(1)    
Subject to subsection (3) , this Division has effect despite anything in:

(a)    any other law of the Commonwealth or of a State or Territory; or

(b)    any contract, deed, undertaking, agreement or other instrument.

839J(2)    
Without limiting subsection (1) , and subject to subsection (3) , nothing done by or under this Division:

(a)    places a body corporate or other person in breach of contract or confidence or otherwise makes any of them guilty of a civil wrong; or

(b)    places a body corporate or other person in breach of:

(i) any law of the Commonwealth or of a State or Territory; 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.

839J(3)    
Nothing in this Division limits the operation of:

(a)    any of the provisions of the Privacy Act 1988 ; or

(b)    any of the provisions of the Competition and Consumer Act 2010 ; or

(c)    any of the provisions of the Fair Work Act 2009 , the Fair Work (Registered Organisations) Act 2009 , or the Fair Work (Transitional Provisions and Consequential Amendments) Act 2009 .