sec.62AAIWhat happens when integrated mass transit service contract is surrendered, cancelled or terminated

### sec.62AAI What happens when integrated mass transit service contract is surrendered, cancelled or terminated This section applies if an integrated mass transit service contract is surrendered, cancelled or terminated, whether by the chief executive or by the operator. The chief executive may do either of the following— invite any or all holders of integrated mass transit service contracts, by written notice, to offer by the prescribed day for the integrated mass transit service contract; invite the public, by public notice, to offer for the integrated mass transit service contract. If the chief executive acts under subsection (2) (a) and either— no holder of an integrated mass transit service contract makes an offer by the prescribed day; or if 1 or more offers are made, the chief executive decides no offer made is acceptable under section 62AAE ; the chief executive may invite offers from the public under subsection (2) (b) for the integrated mass transit service contract. However, if— an offer is made under subsection (2) (a) by the prescribed day; and the chief executive considers the offer substantially meets the requirements of an offer that would be acceptable under section 62AAE ; the chief executive may defer inviting offers from the public under subsection (2) (b) to allow an opportunity for a contract to be concluded with the offerer. s 62AAI ins 2004 No. 9 s 18 amd 2008 No. 32 s 95 ; 2012 No. 31 s 33 sch (sec.62AAI-ssec.1) This section applies if an integrated mass transit service contract is surrendered, cancelled or terminated, whether by the chief executive or by the operator. (sec.62AAI-ssec.2) The chief executive may do either of the following— invite any or all holders of integrated mass transit service contracts, by written notice, to offer by the prescribed day for the integrated mass transit service contract; invite the public, by public notice, to offer for the integrated mass transit service contract. (sec.62AAI-ssec.3) If the chief executive acts under subsection (2) (a) and either— no holder of an integrated mass transit service contract makes an offer by the prescribed day; or if 1 or more offers are made, the chief executive decides no offer made is acceptable under section 62AAE ; the chief executive may invite offers from the public under subsection (2) (b) for the integrated mass transit service contract. (sec.62AAI-ssec.4) However, if— an offer is made under subsection (2) (a) by the prescribed day; and the chief executive considers the offer substantially meets the requirements of an offer that would be acceptable under section 62AAE ; the chief executive may defer inviting offers from the public under subsection (2) (b) to allow an opportunity for a contract to be concluded with the offerer. - (a) invite any or all holders of integrated mass transit service contracts, by written notice, to offer by the prescribed day for the integrated mass transit service contract; - (b) invite the public, by public notice, to offer for the integrated mass transit service contract. - (a) no holder of an integrated mass transit service contract makes an offer by the prescribed day; or - (b) if 1 or more offers are made, the chief executive decides no offer made is acceptable under section 62AAE ; - (a) an offer is made under subsection (2) (a) by the prescribed day; and - (b) the chief executive considers the offer substantially meets the requirements of an offer that would be acceptable under section 62AAE ;