What the official record says
This Act is the Illegal Contracts (Unlawful Limitation on Regulators) Amendment Act . This Act is deemed to have come into force on 10 July 2009. This Act amends the Illegal Contracts Act 1970 (the ). Section 2 of the principal Act is amended by adding— means the Commerce Commission, the Securities Commission, an approved dispute resolution scheme, within the meaning of the Financial Service Providers (Registration and Dispute Resolution) Act 2008 or similar voluntary schemes including the Insurance and Savings Ombudsman and the Banking Ombudsman. The principal Act is amended by adding a new section 8A— Notwithstanding any other provision in this Act, or in any other enactment or rule of law, where any provision in any contract purports to oust or to limit the power of a regulator to award