(1)The compulsory purchase powers shall cease to have effect if—
(a)a period of not less than 3 years beginning with the day on which this Act is passed has expired;
(b)none of those powers has been exercised; and
(c)after the expiry of the said period of 3 years, a resolution in pursuance of this section is passed by each of the following:—
(i)the Council;
(ii)the Council of the London borough of Merton; and
(iii)the Council of the London borough of Bromley.
(2)For the purposes of this section—
(a)“compulsory purchase powers” means the powers of the Corporation for the compulsory acquisition of lands or rights under this Part of this Act; and
(b)the compulsory purchase powers shall be deemed to have been exercised if notice to treat has been served under those powers in respect of any land or rights.