Paragraph 13 Payment of compensation

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. para. 17 words substituted by Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) 2013 Sch. 2 para. 152
Sch. para. 2 words omitted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(a)
Sch. para. 12 words substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(b)
Sch. para. 13(2)(b) words substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(c)
Sch. Pt. 5 heading words substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(d)
Sch. para. 14 substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(e)
Sch. para. 15 substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(f)
Sch. para. 16 omitted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(g)
Sch. para. 17(i) omitted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(h)(i)
Sch. para. 17(ii) word substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(h)(ii)
Sch. para. 17(iii) substituted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(h)(iii)
Sch. para. 18 words inserted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(i)
Sch. para. 19-27 and cross-heading omitted by Transfer of Tribunal Functions 2010 Sch. 3 para. 176(j)

(1)

The Treasury shall pay the amount of any compensation determined by the valuer to be payable—

(a)

to any person; or

(b)

in respect of a class or description of shares or rights.

(2)

The Treasury shall not be required to make a payment in accordance with sub-paragraph (1) until—

(a)

they have received a copy of the assessment notice or revised assessment notice, as the case may be; or

(b)

if there is a reference to the Tribunal, the matter has been finally disposed of.