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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.