Section 48 — Withdrawal of notices

(1)A may, at any time before the earlier of —

(a)the termination of the specified contract under section 49; or

(b)the date of determination of an adjustment relief assessor concerning the date of termination of the specified contract, withdraw A’s notice of negotiation by serving a notice of withdrawal of the notice of negotiation on all the other parties and their assignees within the service period for that notice of withdrawal.

(2)Where B or B’s assignee has served a notice of objection on A, A must also lodge that notice of withdrawal with the adjustment relief Registrar within the service period for that notice of withdrawal.

(3)B or B’s assignee (as the case may be) may, at any time before the earlier of —

(a)the termination of the specified contract under section 49; and

(b)the date of determination of an adjustment relief assessor concerning the date of termination of the specified contract, withdraw its notice of objection by —

(c)serving a notice of withdrawal of the notice of objection on A and the other parties and their assignees (but not on the person that made the objection), within the service period for that notice of withdrawal; and

(d)lodging that notice of withdrawal with the adjustment relief Registrar within the service period for that notice of withdrawal.

(4)A, B or B’s assignee (as the case may be) may, at any time before an adjustment relief assessor makes a determination concerning the adjustments to be made to the rights and obligations of the parties and their assignees, withdraw its notice for adjustment by —

(a)serving a notice of withdrawal of the notice for adjustment on A, B and B’s assignee (but not on the person that requested the adjustment) within the service period for that notice of withdrawal; and

(b)lodging that notice of withdrawal with the adjustment relief Registrar within the service period for that notice of withdrawal.[Act 37 of 2020 wef 14/01/2021]