17(1)Section 5 of that Act (statutory and other references to rateable values etc.) shall be amended as follows.
(2)In subsection (3) for the words “Where in any enactment” there shall be substituted the words “ Subject to subsection (3A) below, where in any enactment (including an enactment contained in a subordinate instrument) ”.
(3)After the said subsection (3) there shall be inserted the following subsections—
“(3A)Where in any enactment (including an enactment contained in a subordinate instrument or an enactment which falls to be construed in accordance with subsection (3) above) there is a reference to a rate or rateable value or to any factor connected with rating, or valuation for rating, the Secretary of State may make regulations providing that the reference shall instead be such as is prescribed.
(3B)Regulations may provide as mentioned in subsection (3A) above—
(a)as regards such enactment, or enactments of such description, as may be prescribed;
(b)in such way as the Secretary of State thinks fit (whether by amending enactments or otherwise).”