The Damages (Return on Investment) Act (Northern Ireland) 2022 (Commencement) Order (Northern Ireland) 2022

Statutory Rules of Northern Ireland

2022 No. 30 (C. 2)

Damages

The Damages (Return on Investment) Act (Northern Ireland) 2022 (Commencement) Order (Northern Ireland) 2022

Made

7th February 2022

The Department of Justice, in exercise of the powers conferred by section 5(2) of the Damages (Return on Investment) Act (Northern Ireland) 2022(1), makes the following Order.

Citation

1.  This Order may be cited as the Damages (Return on Investment) Act (Northern Ireland) 2022 (Commencement) Order (Northern Ireland) 2022.

Appointed Day

2.  The day appointed for the coming into operation of the following provisions of the Damages (Return on Investment) Act (Northern Ireland) 2022 is 10th February 2022—

(a)section 1 (Assumed return on investment);

(b)section 2 (Process for setting rate of return);

(c)the Schedule.

Sealed with the Official Seal of the Department of Justice on 7th February 2022

Legal seal

Naomi R Long

Minister of Justice

EXPLANATORY NOTE

(This note is not part of the Order)

This Order brings into operation sections 1 and 2 of, and the Schedule to, the Damages (Return on Investment) Act (Northern Ireland) 2022 (c. 1).