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Paragraph 33 F1

(1)

Sub-paragraphs (2) to (5) apply for the interpretation of this Schedule.

(2)

A rate of return is a rate of return for the purpose of section C1(1).

(3)

A rate of return is set as a result of a review under paragraph 1(1) or 2(1) and on the coming into effect of a rate determination made by the rate-assessor in that review.

(4)

A review of a rate of return under paragraph 1(1) or 2(1) is concluded when the rate-assessor makes a rate determination in the review.

(5)

A rate determination is a determination by the rate-assessor that is to be made in a review under paragraph 1(1) or 2(1) of what the new rate of return is, either—

(a)

different from the rate of return under review, or

(b)

the same as the rate of return under review.

Annotations

Textual amendments

F1

Sch. C1 inserted (N.I.) (10.2.2022) by Damages (Return on Investment) Act (Northern Ireland) 2022 (c. 1), s. 5(2), Sch.; S.R. 2022/30, art. 2(c)