[40A Variation and termination of bulk supply agreements]

[40A  Variation and termination of bulk supply agreements]

[(1)     On the application of any party to a bulk supply agreement, the Authority may—

(a)     if it appears to the Authority that it is necessary or expedient for the purpose of securing the efficient use of water resources, or the efficient supply of water, that the bulk supply agreement should be varied or terminated, and

(b)     if the Authority is satisfied that variation or termination cannot be achieved by agreement within a reasonable time,

by order vary or terminate the bulk supply agreement.

(2)     Before making an order under subsection (1), the Authority must consult the appropriate agency, in particular about whether

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