- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
5.—(1) The independent valuer must determine the remuneration, allowances and other conditions of service of any staff appointed by the independent valuer under section 55(4) of the Act.
(2) The independent valuer may pay such pensions, allowances or gratuities to or in respect of any staff appointed by the independent valuer under section 55(4) of the Act as he or she may determine.
(3) The references in paragraph (2) to pensions, allowances or gratuities to or in respect of any staff appointed by the independent valuer under section 55(4) of the Act include reference to pensions, allowances or gratuities by way of compensation in respect of any staff who suffer loss of employment.
(4) Any determination under paragraph (1) or (2) shall require the approval of the Treasury.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: