# Compulsory Acquisition (Interest) (Amendment) Order (Northern Ireland) 2013

S.R. 2013/165 · made 3 June 2013

The Compulsory Acquisition (Interest) Order (Northern Ireland) 1996 (“the 1996 Order”) fixes the rate of interest on compensation money payable under the enactments specified in Article 2(1) of that Order. The rate set by that Order was 0.5% below the standard rate (as defined in that Order) applying from time to time. This Order amends the 1996 Order to set a minimum rate of 2%. This minimum rate will only apply in respect of periods after this Order comes into operation.

Made under: Public Health and Local Government (Miscellaneous Provisions) Act (Northern Ireland) 1955 (Section 12); Administrative and Financial Provisions Act (Northern Ireland) 1956 (Section 14); Local Government Act (Northern Ireland) 1972 (Section 97, Schedule 6 paragraph 18)

PDFs: Printed copy https://openlegislation.uk/compulsory-acquisition-interest-amendment-order-northern-ireland-2013/pdf/nisr_20130165_en.pdf; Explanatory Memorandum https://openlegislation.uk/compulsory-acquisition-interest-amendment-order-northern-ireland-2013/pdf/nisrem_20130165_en.pdf

## Introductory text

Land
Made 3rd June 2013
Coming into operation 1st August 2013
The Department of Finance and Personnel, in exercise of the powers conferred on it by section 12 of the Public Health and Local Government (Miscellaneous Provisions) Act 1955 and by section 14(3) of the Administrative and Financial Provisions Act (Northern Ireland) 1956 and by section 97(2) of paragraph 18 of Schedule 6 to the Local Government Act (Northern Ireland) 1972 and of every other power enabling it in that behalf hereby makes the following Order.

## 1 Citation, commencement and application

(1) This Order may be cited as the Compulsory Acquisition (Interest) (Amendment) Order (Northern Ireland) 2013 and shall come into operation on 1 August 2013.
(2) This Order shall have effect in relation to any period after it comes into operation.

## 2 Amendment

The Compulsory Acquisition (Interest) Order (Northern Ireland) 1996 is amended by adding at the end of Article 2(1) “or 2% per annum whichever is the greater”.

## Signature

Sealed with the Official Seal of the Department of Finance and Personnel on 3rd June 2013.
L.S.
Fiona Hamill
A senior officer of the
Department of Finance and Personnel

## Explanatory note

(This note is not part of the Order)
The Compulsory Acquisition (Interest) Order (Northern Ireland) 1996 (“the 1996 Order”) fixes the rate of interest on compensation money payable under the enactments specified in Article 2(1) of that Order. The rate set by that Order was 0.5% below the standard rate (as defined in that Order) applying from time to time. This Order amends the 1996 Order to set a minimum rate of 2%. This minimum rate will only apply in respect of periods after this Order comes into operation.

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Source: https://www.legislation.gov.uk/nisr/2013/165 (the official version)
Page: https://openlegislation.uk/compulsory-acquisition-interest-amendment-order-northern-ireland-2013
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.