Termination of planning agreements
4 Termination of planning agreements
For the purposes of section 35(7)(b) of the Act, on the termination of a planning agreement, any assets or liabilities held by, or attached to, the joint planning board immediately before the termination of the planning agreement will be distributed to, or become the responsibility of—
if a new joint planning board has been established in relation to the same area—that joint planning board; or
in any other case—the entities which were the parties to the planning agreement immediately before the termination of the planning agreement in accordance with an agreement between those parties or, in default of such an agreement, in accordance with the resolution of the matter under the procedures set out in the agreement for the resolution of a dispute (and the provisions of the agreement will continue to apply until the dispute is resolved).
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.