Paragraph 4 Compensation

Where an animal is killed under paragraph 3, the Welsh Ministers must pay compensation to the owner of 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 from a buyer in the open market at the time of the valuation and on the assumption that the animal was not affected by a TSE.

Where the owner and the Welsh Ministers 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.