Passenger Transport (General) Regulation 2017
222 Appointment of arbitrators to conduct valuation arbitrations
(1) The Secretary may appoint a person who is an arbitrators panel member to be the arbitrator in a valuation arbitration if—(a) an existing service provider (the applicant) has made an application to the Secretary under clause 39(2) of Schedule 3 to the Act in respect of a bus service asset, and(b) the existing service provider has provided such details concerning the bus service asset as the Secretary considers necessary to identify the asset.(2) The power to appoint an arbitrator conferred by subclause (1) extends to the appointment of a new arbitrator in place of an arbitrator who dies or otherwise ceases to hold office.(3) The Secretary must, within 10 working days after receiving the application, decide whether to refer the valuation of the bus service asset in question for a valuation arbitration and give the applicant—(a) if the Secretary decides to refer the valuation of the bus service assets for a valuation arbitration—written notice of the following—(i) that the Secretary has decided to refer the valuation for arbitration,(ii) the name of the arbitrator to be appointed by the Secretary to conduct the valuation arbitration, or(b) if the Secretary decides not to refer the valuation of the bus service asset for a valuation arbitration—written notice of that decision.