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COVID-19 (Temporary Measures) Act 2020 · s 45
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COVID-19 (Temporary Measures) Act 2020 · s 45
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
Where A seeks to negotiate for an adjustment to the rights and obligations of the parties and their assignees under the specified contract pursuant to section 43(1), A must serve a notice of negotiation on all the persons in subsection (2), in accordance with subsection (3).
The persons for the purpose of subsection (1) are all of the following:
any other party to the specified contract;
any person who is A’s guarantor or surety, or who has issued any performance bond or equivalent, in relation to any of A’s obligations under the specified contract;
any assignee of any other party to the specified contract.
A must serve the notice of negotiation on all the persons in subsection (2) —
within 6 weeks, or such longer period as the Minister may determine by order in the Gazette, after —
the date of commencement of section 9 of the COVID‑19 (Temporary Measures) (Amendment No. 3) Act 2020; or
where A seeks a negotiation under section 43(1) pursuant to a change in the substance of Part 1 or 3 of the Second Schedule, the date of commencement of the amendment effecting the change; and
within the service period for that notice.