SCHEDULES
SCHEDULE 3Transfer to the Post Office company: supplementary provisions
Other third party property rights
7
1
This paragraph applies where—
a
any rights or liabilities of a third party which were enforceable against or by the Post Office have by virtue of this Part of this Act become enforceable against or by the Post Office company, and
b
the value of any property or interest of the third party is diminished as a result.
2
Such compensation as is just shall be paid by the Post Office company.
3
Any dispute as to whether, or how much, compensation is payable or about the person to whom it is payable shall be referred to and determined by—
a
an arbitrator appointed by the President of the Royal Institution of Chartered Surveyors (if the proceedings are to be held in England and Wales),
b
an arbiter appointed by the Chairman of the Royal Institution of Chartered Surveyors in Scotland (if the proceedings are to be held in Scotland), or
c
an arbitrator appointed by the Lord Chancellor (if the proceedings are to be held in Northern Ireland).
4
In this paragraph “third party” means any person other than the Post Office and the Post Office company.