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Damages Act 1996

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Changes over time for: Cross Heading: Interpretation of schedule

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Damages Act 1996, Cross Heading: Interpretation of schedule is up to date with all changes known to be in force on or before 28 January 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

[F1Interpretation of scheduleS.

32S.In this schedule, a reference to the rate-assessor is to the official rate-assessor as mentioned in section B1(1).

33(1)Sub-paragraphs (2) to (5) are also for construing this schedule.S.

(2)A rate of return is a rate of return for the purpose of section B1(1).

(3)A rate of return is set as a result of a review under paragraph 1(1) or 2(1) on the making in the review of a rate determination by the rate-assessor.

(4)A review of a rate of return under paragraph 1(1) or 2(1) is concluded when the rate-assessor makes a rate determination in the review.

(5)A rate determination is a determination by the rate-assessor that is to be made in a review under paragraph 1(1) or 2(1) of what the new rate of return is, either—

(a)different from the rate of return under review, or

(b)the same as the rate of return under review.]

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