Document ID: chunk:federal_register_of_legislation:C2016A00043:clause:1_29
Version: federal_register_of_legislation:C2016A00043
Segment Type: clause
Provision Reference: sch 1 cl 29
Character Range: 15295–16118

29  Paragraph 14(2)(g)
Repeal the paragraph, substitute:
 (g) none of the following is to be void or voidable in the external administration:
 (i) the netting or termination of obligations under the contract;
 (ii) a payment by the party to discharge a net obligation under the contract;
 (iii) the enforcement of security under paragraph (fa);
 (h) paragraphs (c) to (g) apply despite:
 (i) any disposal of rights that may be netted under the contract; or
 (ii) the creation of any encumbrance, or any other interest, in relation to those rights or financial property mentioned in paragraph (fa); or
 (iii) the operation of any encumbrance, or any other interest, in relation to those rights or that financial property;
  in contravention of a prohibition in the contract, or in the security mentioned in paragraph (fa).