441: Failure to comply with subpart does not affect validity of Bank’s actions
You could also call this:
"Mistakes with rules don't stop a bank's actions from being valid."
If you do something as a bank, it is still valid even if you made a mistake with some rules.
The rules are in a part of the law called a subpart.
You can still do things as a bank, like make decisions or take actions, even if you did not follow the rules in the subpart.
You can look at a similar rule from an older law, the 1989 law, by following the link to s 68A(4).
This older rule is a bit like the one we are talking about now.
It helps you understand what happens if someone does not follow the rules.