67T   Provisions relating to operation of Divisions 4 and 5

(1)  Compensation is not payable to any person or body in connection with the operation of Division 4 or 5.

(2)  The operation of Division 4 or 5 is not to be regarded:

(a)  as a breach of contract or confidence or otherwise as a civil wrong, or

(b)  as a breach of any contractual provision prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities, or

(c)  as giving rise to any remedy by a party to an instrument, or as causing or permitting the termination of any instrument, because of a change in the beneficial or legal ownership of any asset, right or liability.

(3)  The operation of Division 4 or 5 is not to be regarded as an event of default under any contract or other instrument.

(4)  No attornment to a person in whom property is vested or to whom property is transferred under Division 4 or 5 by a lessee of the previous owner of the property is required.

(5)  The operation of Division 4 or 5 includes the making of an order under Division 4, the giving of instructions under Division 5 and the taking of any action in compliance with such instructions.