This legislation has been repealed.
(1) If submissions made in accordance with a notice given under section 55 (3) are satisfactory to show cause why the contract to which the notice relates should not be terminated, the commission shall take no further action in relation to the matter.
(2) If, in relation to a notice given under section 55 (3) in respect of a supply contract—
(a) no submissions are made in accordance with the notice; or
(b) submissions made in accordance with the notice are not satisfactory to show cause why the contract should not be terminated;
the commission shall, by written notice given to each person who is a party to the contract, terminate the contract from the date specified in the notice.