s 27 Contents of cross-border train service contract
27.—(1) A cross-border train service contract —(a) must specify the term of the contract; (b) must be subject to a condition precedent that requires the train service operator under the contract to obtain a cross‑border train service licence before providing a cross‑border train service on that cross‑border railway; and (c) must not provide for an option to renew the contract exercisable by the train service operator. (2) A cross‑border train service contract may make provision in relation to the provision of a cross‑border train service under the contract, and the administration of the contract, including —(a) the fees (if any) payable under the contract; (b) monetary or other penalties —(i) for a breach of the contract; (ii) for a failure (being not a breach of contract) to meet a requirement specified in the contract; or (iii) payable on the termination of the contract; and (c) the records (including accounts) to be made and kept, and how they are to be made and kept. (3) Subsection (2) does not limit the matters about which a cross‑border train service contract may make provision. (4) A cross-border train service contract that is inconsistent with subsection (1) is void to the extent of that inconsistency.