227Nature of awards that can be made

227 Nature of awards that can be made

227 Nature of awards that can be made

(1) An award (whether or not final) made in a valuation arbitration must be limited to the determination of the valuation of the bus service assets in question.

(2) The following provisions of the Arbitration Act do not apply with respect to an award or arbitrator in a valuation arbitration—

(a) section 24 (Specific performance),

(b) section 31 (Interest up to making of award),

(c) section 32 (Interest on debt under award).