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Counter-Inflation Act 1973
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- UK Public General Acts
- 1973 c. 9
- SCHEDULE 3
- PART I
- Validity of transactions
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Validity of transactions
3(1)The Minister may by order made at any time during a period when Part II of this Act is in force prescribe the degree to which anything made illegal by any order or notice made or given under Part II during that period, or anything otherwise affected by any such provision, is to be valid or invalid either during that period or later.
(2)In the case of an order or notice restricting any price or charge, an order under this paragraph may make the excess of any price or charge over the restriction recoverable by the person paying the price or charge.
(3)Where in accordance with an order under this paragraph a contract to pay any remuneration remains invalid (in whole or in part) after the date when section 7 of this Act ceases to be in force, the order may further provide that the provisions of sections 17 and 18 of this Act (offences) shall continue to apply in relation to the implementation of the contract as if section 7 of this Act was still in force.
(4)An order made under this paragraph—
(a)may be varied or revoked by a subsequent order so made, and
(b)shall be contained in a statutory instrument.
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