231Early termination of valuation arbitration

231 Early termination of valuation arbitration

231 Early termination of valuation arbitration

(1) If the applicant in a valuation arbitration withdraws the application made to the Secretary under clause 39(2) of Schedule 3 to the Act in respect of the bus service assets in question before the conclusion of the arbitration, the arbitrator must terminate the arbitration as soon as the arbitrator receives a written notice from the Secretary to that effect.

(2) Nothing in this clause affects the operation of clause 230.

(3) This clause prevails over section 18 of the Arbitration Act and any other provision of that Act to the extent of any inconsistency.