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1. The compensation payable for a TSE susceptible animal slaughtered under regulation 6 or 7 shall be an amount equal to the market value of the animal.
2.—(1) The market value of the animal shall be determined –
(a)by agreement between the Department and the owner of the animal and such agreement shall be final and binding on the Department and the owner;
(b)if the owner and the Department cannot agree, or fail to reach such agreement, by an independent valuer paid by the Department and selected by the owner from a list of at least three such independent valuers submitted by the Department to the owner; or
(c)if the owner refuses or neglects to select an independent valuer in accordance with sub-paragraph (b) by an independent valuer selected by the Department.
(2) An independent valuer selected in accordance with paragraph 1(b) or (c) shall give to the Department and the owner a certificate in writing of his valuation and such valuation shall be final and binding on the Department and the owner.
3. Where an animal was certified by a veterinary surgeon before slaughter as–
(a)requiring slaughter for emergency reasons relating to the welfare of the animal;
(b)not fit for human consumption by virtue of its condition; and
(c)having no market value as a consequence,
there shall be no compensation payable for the animal.
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