§ 48 — Withdrawal of notices

48.—(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]

—(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]