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Communications Act 2003

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Communications Act 2003, Paragraph 64 is up to date with all changes known to be in force on or before 09 April 2020. 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

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[F164(1)An operator may not exercise a tidal water right in relation to land in which a Crown interest subsists unless agreement to the exercise of the right in relation to the land has been given in respect of that interest by the appropriate authority in accordance with paragraph 104.U.K.

(2)Where, in connection with an agreement between the operator and the appropriate authority for the exercise of such a right, the operator and the appropriate authority cannot agree the consideration to be paid by the operator, the operator or the appropriate authority may apply to the appointed valuer for a determination of the market value of the right.

(3)An application under sub-paragraph (2) must be made in writing and must include—

(a)the proposed terms of the agreement, and

(b)the reasoned evidence of the operator and of the appropriate authority as to the market value of the right.

(4)As soon as reasonably practicable after receiving such an application, the appointed valuer must—

(a)determine the market value of the tidal water right; and

(b)notify the operator and the appropriate authority in writing of its determination and the reasons for it.

(5)If the agreement mentioned in sub-paragraph (2) or an agreement in substantially the same terms is concluded following a determination under sub-paragraph (4), the consideration payable by the operator must not be more than the market value notified under sub-paragraph (4)(b).

(6)For this purpose the market value of a tidal water right is, subject to sub-paragraph (7), the amount that, at the date the market value is assessed, a willing buyer would pay a willing seller for the right—

(a)in a transaction at arm's length,

(b)on the basis that the buyer and seller were acting prudently and with full knowledge of the transaction, and

(c)on the basis that the transaction was subject to the proposed terms set out in the application.

(7)The market value must be assessed on these assumptions—

(a)that the right that the transaction relates to does not relate to the provision or use of an electronic communications network;

(b)that the right in all other respects corresponds to the tidal water right;

(c)that there is more than one site which the buyer could use for the purpose for which the buyer seeks the right.

(8)The appointed valuer may charge a fee in respect of the consideration of an application under sub-paragraph (4) and may apportion the fee between the operator and the appropriate authority as the appointed valuer considers appropriate.

(9)In this paragraph “the appointed valuer” means—

(a)such person as the operator and the appropriate authority may agree;

(b)if no person is agreed, such person as may be nominated, on the application of the operator or the appropriate authority, by the President of the Royal Institution of Chartered Surveyors.]

Textual Amendments

F1Sch. 3A inserted (31.7.2017 for the purpose of making regulations under Sch. 3A para. 95, 22.11.2017 but only in relation to Sch. 3A para. 106, 28.12.2017 in so far as not already in force) by Digital Economy Act 2017 (c. 30), s. 118(6), Sch. 1 (with Sch. 2); S.I. 2017/765, reg. 2(ii)(jj); S.I. 2017/1136, reg. 2; S.I. 2017/1286, reg. 2(b)

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