Schedule 2 – Compensation for changing or revoking infrastructure consent orders Paragraph 2 – Compensation for depreciation: introduction and key terms
386.This paragraph provides that paragraphs 3 to 9 apply where compensation for depreciation of more than the minimum amount specified in regulations becomes payable.
387.“Compensation for depreciation” in this paragraph (and paragraphs 3 to 10) means compensation payable in respect of loss or damage consisting of depreciation of the value of an interest in land.
388.This paragraph also sets out other definitions for the purposes of paragraphs 2 to 10.