Paragraph 3 Compensation

Where an animal is required to be killed under paragraph 2, the Secretary of State must pay compensation to the owner for that animal.

The compensation is the market value of the animal at the time it is killed.

For the purposes of this paragraph, the market value is the price that would reasonably be expected to have been obtained for the animal at the date of the regulation 16(2)(e) notice from a buyer on the open market, and on the assumption that the animal was not affected by a TSE.

Where the owner and the Secretary of State cannot agree on a market value the valuation must be carried out in accordance with the procedure laid down in regulation 12(3) to (7) with the owner paying any valuation fee arising.