Where a restricted contract is referred to the appropriate tribunal and the reference is not, before the tribunal have entered upon consideration of it, withdrawn by the party or authority who made it, the tribunal shall consider it.
After making such inquiry as they think fit and giving to—
(a) each party to the contract, and
(b) if the general management of the dwelling is vested in and exercisable by a housing authority, that authority,
and shall notify the parties . . . of their decision.
In any case where under Part I of the Local Government Finance Act 1992 the lessor, or any person having any title superior to that of the lessor, is liable to pay council tax in respect of a hereditament ("the relevant hereditament") of which the dwelling forms part, the tribunal shall have regard to the amount of council tax which, as at the date on which the reference to the tribunal was made, was set by the billing authority—
(a) for the financial year in which that reference was made, and
(b) for the category of dwellings within which the relevant hereditament fell on that date,
but any discount or other reduction affecting the amount of council tax payable shall be disregarded.
In subsection (2A) above—
(a) "hereditament" means a dwelling within the meaning of Part I of the Local Government Finance Act 1992,
(b) "billing authority" has the same meaning as in that Part of that Act, and
(c) "category of dwellings" has the same meaning as in section 30(1) and (2) of that Act.
On the reference of a restricted contract relating to a dwelling for which a rent is registered under Part IV of this Act, the appropriate tribunal may not reduce the rent payable under the contract below the amount which would be recoverable from the tenant under a regulated tenancy of the dwelling.
An approval, reduction or increase under this section may be limited to rent payable in respect of a particular period.
In subsection (2) above "housing authority"means a local housing authority within the meaning of the Housing Act 1985.