Counter-Inflation Act 1973

5 Notification of price and pay increases, and approvals and consents

(1) The Minister may, in such cases as appear to him appropriate, by order make provision to ensure that the Agencies receive notice of increases in any prices, charges or remuneration in time to consider whether the increases conform with the relevant provisions of the code, and whether the Agencies should exercise the powers conferred by the following provisions of this Act in order to prevent those increases.

(2) The order may provide that, until the end of the period given for consideration of the proposed increase by the Agency, any implementation of the increase constitutes a contravention of the order.

(3) The length of notice required by an order under this section shall not exceed eight weeks.

(4) Schedule 2 to this Act shall have effect as respects—

(a) procedures for obtaining the Agencies' approval for increases, and

(b) procedures for giving consents overriding the Agencies' orders and notices about prices, charges and remuneration.

(5) An order under this section or under the said Schedule 2 may be made to come into force before the time when this Part of this Act is in force, and may require notices to be given before that time.

(6) An order under this section shall be subject to annulment in pursuance of a resolution of either House of Parliament.