222Appointment of arbitrators to conduct valuation arbitrations

#### 222 Appointment of arbitrators to conduct valuation arbitrations 222 Appointment of arbitrators to conduct valuation arbitrations > > (1) The Secretary may appoint a person who is an arbitrators panel member to be the arbitrator in a valuation arbitration if— > > > > > (a) an existing service provider (the applicant) has made an application to the Secretary under clause 39(2) of Schedule 3 to the Act in respect of a bus service asset, and > > > > > (b) the existing service provider has provided such details concerning the bus service asset as the Secretary considers necessary to identify the asset. > > > (2) The power to appoint an arbitrator conferred by subclause (1) extends to the appointment of a new arbitrator in place of an arbitrator who dies or otherwise ceases to hold office. > > > (3) The Secretary must, within 10 working days after receiving the application, decide whether to refer the valuation of the bus service asset in question for a valuation arbitration and give the applicant— > > > > > (a) if the Secretary decides to refer the valuation of the bus service assets for a valuation arbitration—written notice of the following— > > > > > > > (i) that the Secretary has decided to refer the valuation for arbitration, > > > > > > > (ii) the name of the arbitrator to be appointed by the Secretary to conduct the valuation arbitration, or > > > > > (b) if the Secretary decides not to refer the valuation of the bus service asset for a valuation arbitration—written notice of that decision.