121Directions relating to existing pre-paid contracts

#### 121 Directions relating to existing pre-paid contracts 121 Directions relating to existing pre-paid contracts > > (1) The Secretary shall, as soon as practicable after the prescribed day in relation to a person to whom this Division applies by notice in writing served on that person, give such directions in respect of existing pre-paid contracts entered into by that person as the Secretary considers necessary and desirable to ensure performance of those contracts. > > > (2) The Secretary shall not give any directions to a person under subsection (1) until the Secretary has given the person an opportunity to submit a scheme to the Secretary, within such time as the Secretary may determine, in relation to the existing pre-paid contracts entered into by the person. > > > (3) The Secretary shall in exercising the powers under subsection (1) have regard to any scheme submitted by the person concerned.