Regulation 12 Valuations

This regulation applies when a valuation is necessary under these Regulations.

The owner and the Welsh Ministers may agree on a valuation.

If the owner and the Welsh Ministers cannot agree on a valuation, they may jointly nominate a valuer to carry out a valuation.

If the owner and the Welsh Ministers cannot agree on who the valuer should be, the valuation must be carried out by a valuer named on a list maintained by the Welsh Ministers, nominated by the President of the Royal Institution of Chartered Surveyors or the President of the Central Association of Agricultural Valuers as the Welsh Ministers may decide.

The valuer must carry out the valuation and submit it and any other relevant information and documentation to the Welsh Ministers, and provide a copy to the owner.

Both the owner and a representative of the Welsh Ministers have the right to be present at a valuation.

The valuation is binding on both the owner and the Welsh Ministers.

In this regulation, “owner” (“perchennog”) means the owner of the animal or product in question.