5.—(1) If the owner of an animal considers the compensation in the Schedule to be unreasonable he or she may notify the National Assembly, and the procedure in Regulation 15 of the Transmissible Spongiform Encephalopathies (Wales) Regulations 2006 applies, with the owner paying any fee arising from nominating and employing a valuer.
(2) If the National Assembly considers the compensation in the Schedule to be excessive in all the circumstances it may obtain a valuation of the animal in accordance with the procedure in Regulation 15, but in this case it must pay any fee arising for nominating and employing a valuer.
(3) The valuer must value the animal at the price that might reasonably have been obtained for it at the time of valuation from a buyer in the open market if the animal was from a flock not affected by TSE.