Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A failure to comply with any requirement of this Act does not affect the validity or enforceability of any transaction, contract, instrument or other arrangement.
(2) Subsection (1) has effect subject to any express provision to the contrary in:
(a) this Act (including regulations made under this Act); or
(b) regulations referred to in subsection (3).
(3) Regulations may provide that a failure to comply with a specified requirement referred to in subsection (1) has a specified effect on the validity or enforceability of a transaction, contract, instrument or arrangement.