§ 49 — Time of termination of contract

49.—(1) Subject to subsection (4), if no notice of objection is served in accordance with section 46(1)(a), and lodged with the adjustment relief Registrar under section 46(1)(b), then the specified contract terminates upon the expiry of the second day after the period mentioned in section 46(1)(a)(i), or such other time as agreed between all the parties.(2) Subject to subsection (4), if —(a)

the adjustment relief Registrar refuses to accept any notice of objection for lodgment pursuant to section 46(3); or

(b)

every notice of objection served and lodged is withdrawn under section 48(3),

then the specified contract terminates upon the expiry of the second day after the period mentioned in section 46(1)(a)(i).

(3) Subject to subsection (4), if an adjustment relief assessor appointed by the adjustment relief Registrar for the purposes of determining any matter concerning the specified contract, determines a date of termination for the specified contract, then the specified contract terminates upon the expiry of that day.

(4) To avoid doubt, if a specified contract is terminated under any other written law or rule of law (subject to the modifications specified in Division 5), nothing in this section alters the date of termination of the specified contract as provided under that other written law or rule of law.[Act 37 of 2020 wef 14/01/2021]

—(1) Subject to subsection (4), if no notice of objection is served in accordance with section 46(1)(a), and lodged with the adjustment relief Registrar under section 46(1)(b), then the specified contract terminates upon the expiry of the second day after the period mentioned in section 46(1)(a)(i), or such other time as agreed between all the parties.

(2) Subject to subsection (4), if —(a)

the adjustment relief Registrar refuses to accept any notice of objection for lodgment pursuant to section 46(3); or

(b)

every notice of objection served and lodged is withdrawn under section 48(3),

then the specified contract terminates upon the expiry of the second day after the period mentioned in section 46(1)(a)(i).

(3) Subject to subsection (4), if an adjustment relief assessor appointed by the adjustment relief Registrar for the purposes of determining any matter concerning the specified contract, determines a date of termination for the specified contract, then the specified contract terminates upon the expiry of that day.

(4) To avoid doubt, if a specified contract is terminated under any other written law or rule of law (subject to the modifications specified in Division 5), nothing in this section alters the date of termination of the specified contract as provided under that other written law or rule of law.[Act 37 of 2020 wef 14/01/2021]