This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
(This note is not part of the Regulations)
These Regulations require a public gas transporter which executes street works which are not completed within 28 days to pay compensation for loss of turnover sustained by a small business (defined in regulation 3), during a specified period of at least 28 days, in consequence of the works, except where the compensation would be less than £500 or would not exceed 2½% of the annual turnover of the business. The amount of the compensation is the difference between the profit (or loss) which would have accrued to the business but for the works and the reduced profit (or increased loss) which is a consequence of the works. (Regulation 5(1), (2) and (3).)
A person must reserve the right to claim compensation within 3 months of the completion of the street works and submit supporting evidence within 6 months of their completion (regulation 5(4)).
A compliance cost assessment of the effect that this instrument would have on the cost of business is available from the Department of Trade and Industry.
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