316Making of contract determinations

316 Making of contract determinations

316 Making of contract determinations

(1) After hearing an application for it to exercise its jurisdiction under this Part, the Commission may—

(a) dismiss the application, or

(b) make a contract determination with respect to the application.

(2) When the Commission makes a contract determination—

(a) it may defer the operation of the determination wholly or in part for such period or periods as it thinks fit, and

(b) it must specify the class or classes of contracts in respect of which the determination is to operate (including classes defined by reference to a named bailor or principal contractor).