PART 5PROVISIONS APPLYING ONLY TO SECURE CONTRACTS

CHAPTER 2VARIATION OF CONTRACTS

103Variation

(1)

A secure contract may not be varied except—

(a)

in accordance with sections 104 to 107, or

(b)

by or as a result of an enactment.

(2)

A variation of a secure contract (other than by or as a result of any enactment) must be in accordance with section 108.

(3)

This section is a fundamental provision which is incorporated as a term of all secure contracts; section 20 provides that subsections (1)(b) and (2) of this section—

(a)

must be incorporated, and

(b)

must not be incorporated with modifications.