Regulation 11 Duration of agreement

(1)

This regulation applies unless the proposed access agreement satisfies the requirements of paragraph (2).

(2)

The requirements of this paragraph are satisfied where the proposed access agreement makes provision that the access agreement automatically expires no later than two years after the date on which—

(a)

it is entered into; or

(b)

it is treated as having been entered into under section 70ZE of the 1992 Act.

(3)

The requirements of paragraph (2) are still satisfied where the proposed access agreement makes provision for the extension of the access agreement beyond that two year period, by agreement between the parties, and in accordance with the requirements of section 70ZG^f1 of the 1992 Act.

Annotations

Footnotes

f1: Section 70ZG provides for the variation of access agreements.