64Notice to show cause why controlled contract should not be terminated

#### 64 Notice to show cause why controlled contract should not be terminated 64 Notice to show cause why controlled contract should not be terminated > > (1) The Minister may serve on each party to a controlled contract a notice in writing affording the party an opportunity to show cause within 14 days why the contract should not be terminated on the ground that it is not in the public interest for the contract to remain in force. > > > (2) The notice is to specify the reasons why it is considered that it is not in the public interest for the contract to remain in force. > > > (3) A party to the contract may, within the period specified in the notice, arrange with the Minister for the making of submissions as to why the contract should not be terminated. > > > (4) The Minister may— > > > > > (a) after considering any submissions so made, or > > > > > (b) if no arrangements are made within the period specified in the notice, or no submissions are received in accordance with arrangements made, > > > > by notice in writing served on each party to the contract, require the contract to be terminated within a time specified in the notice. > > > (5) If a contract is not terminated as required by a notice, it is terminated by this Act as and from the expiration of the time specified in the notice for the termination of the contract. > > > (6) This section applies to controlled contracts whether entered into before or after the commencement of this section.