2016 No. 1072 (W. 257)
The Home Loss Payments (Prescribed Amounts) (Wales) Regulations 2016
Made
Laid before the National Assembly for Wales
Coming into force
Title, commencement, application and interpretation1
1
The title of these Regulations is the Home Loss Payments (Prescribed Amounts) (Wales) Regulations 2016 and they come into force on 5 December 2016.
2
These Regulations apply in relation to Wales.
3
In these Regulations “the Act” (“y Ddeddf”) means the Land Compensation Act 1973.
Revision of prescribed amounts for home loss payment2
When the date of displacement is on or after 5 December 2016—
a
the prescribed maximum amount of home loss payment for the purposes of section 30(1) of the Act is £55,000;
b
the prescribed minimum amount of home loss payment for the purposes of section 30(1) of the Act is £5,500; and
c
the prescribed amount of home loss payment for the purposes of section 30(2) of the Act is £5,500.
Revocation and savings3
1
Subject to paragraph (2), the Home Loss Payments (Prescribed Amounts) (Wales) Regulations 20153 are revoked.
2
The Regulations mentioned in paragraph (1) will continue to have effect in relation to a displacement occurring before 5 December 2016.
(This note is not part of the Regulations)