http://www.legislation.gov.uk/wsi/2000/555/article/2The Railtrack plc (Rateable Value) (Wales) Order 2000Business ratesRATING AND VALUATION, WALESStatute Law Database2022-08-30Expert Participation2003-04-01 Under paragraph 3(2) of Schedule 6 to the Local Government Finance Act 1988, the National Assembly for Wales may by order provide that non-domestic hereditaments of a description shown in a central rating list are not to be valued for non-domestic rating on the basis set out in paragraphs 2 to 2C of that Schedule (that is to say, by reference to the rent a hypothetical tenant would pay for a hereditament on an annual basis), but that their rateable values shall be such as are specified in the order or determined in accordance with prescribed rules. 2In this Order —“the Act” (“y Ddeddf”) means the Local Government Finance Act 1988;“the Central List Regulations” (“y Rheoliadau Rhestr Ganolog”) means the Central Rating List (Wales) Regulations 1999;“central list” (“rhestr ganolog”) means the central non-domestic rating list for Wales compiled on ... 1st April 2000;“estimated relevant track length” (“amcangyfrif o hyd y trac perthnasol”), means the length of track, expressed in kilometres, estimated to be comprised in the railways of Railtrack;“Railtrack” (“Railtrack”) means Railtrack plc;“relevant hereditament” (“hereditament perthnasol”) means the hereditament described in Part 4 of the Schedule to the Central List Regulations;“relevant year” (“blwyddyn berthnasol”) means any year for which a rateable value is to be determined in accordance with this Order;“relevant preceding year” (“blwyddyn flaenorol berthnasol”) means the year preceding a relevant year;“track” (“trac”) has the meaning given by section 83 of the Railways Act 1993; and“year” (“blwyddyn”) means a chargeable financial year. S.I. 1999/3453. 1993 c. 43. Art. 2 in force at 1.4.2000, see art. 1(1)Words in art. 2 omitted (1.4.2003) by virtue of The Non-Domestic Rating (Utilities) (Rateable Value) (Amendment) (Wales) Order 2003 (S.I. 2003/944), arts. 1(1), 4(a)