Paragraph 5

may transfer property, rights or liabilities whether or not they would otherwise be capable of being transferred,

may dispense with a formality in relation to a transfer (whether or not it would otherwise be required by virtue of an enactment or instrument),

may dispense with a requirement for consent (whether arising under an enactment, an instrument or an agreement),

may provide for a transfer not to have an effect which it would otherwise have by virtue of an enactment, instrument or agreement, and

may provide for a transfer to have an effect different to that which it would otherwise have by virtue of an enactment, instrument or agreement.