10(1)As soon as a vesting order has become operative, any question of disputed compensation arising between the local authority and any person interested in any land to which the vesting order relates, or land injuriously affected by the works proposed to be carried out by the local authority, shall be referred to and determined by [F1 the Lands Tribunal for Northern Ireland (in this Schedule referred to as “the Lands Tribunal” )].N.I.
(2 )F2Where a vesting order relates to any land forming part of a holding which is subject to the future payment of an annuity under the Land Purchase Acts, an agreement for the payment of compensation by the local authority to any person interested in such land shall not have effect unless—
(a)the prescribed notice of the proposed agreement has been given to the Ministry of Finance, and
(b)the prescribed period has elapsed.
If within the prescribed period the said Ministry notifies the local authority of its intention to bring before [F1 the Lands Tribunal] any question with respect to the apportionment or redemption of the annuity, such agreement as aforesaid shall not have effect pending the decision of [F1 the Lands Tribunal], and a question of disputed compensation shall be deemed to have arisen for the purposes of this Schedule.
F2functions transf. by 1982 NI 6