F1SCHEDULE C1Setting the rate for section C1(1): Northern Ireland
Reporting and effective date
23
1
After a review under paragraph 1(1) or 2(1) is concluded, the rate-assessor must send to the Department of Justice a report on the conduct of the review.
2
The report is to be sent to the Department of Justice without undue delay (and no later than on the last day of the 90-day period described in paragraph 3(2)).
3
The report is to—
a
include—
i
a rate determination made in the review,
ii
a summary of the calculation of the rate of return (which may be accompanied by explanatory or supporting material),
b
state the day on which the report is sent to the Department of Justice (and the day on which the review is concluded).
24
1
The Department of Justice must lay the report before the Northern Ireland Assembly as soon as practicable after the day on which the Department receives the report from the rate-assessor.
2
The rate-assessor must publish the report on the same day as the report is laid before the Northern Ireland Assembly by the Department of Justice.
25
A rate determination comes into effect at the beginning of the day after the day on which the report including the determination is laid before the Northern Ireland Assembly by the Department of Justice.
Sch. C1 inserted (N.I.) (10.2.2022) by Damages (Return on Investment) Act (Northern Ireland) 2022 (c. 1), s. 5(2), Sch.; S.R. 2022/30, art. 2(c)