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Steel Industry (Nationalisation) Act 2026

Steel Industry (Nationalisation) Act 2026 s 55

s 55 Independent valuer: supplementary

(1) An independent valuer may do anything necessary or desirable for the purposes of or in connection with the performance of the functions of the office. (2) An independent valuer may appoint staff. (3) Compensation scheme regulations may confer functions on an independent valuer (in addition to functions conferred in reliance on section 54 (1) (a) ), and may in particular enable an independent valuer— (a) to apply to a court or tribunal for an order requiring the provision of information or the giving of oral or written evidence; (b) to publish, disclose or withhold information. (4) Provision made in reliance on subsection (3) may— (a) confer a discretion on an independent valuer; (b) confer jurisdiction on a court or tribunal; (c) make provision about oaths, expenses and other procedural matters relating to the giving of evidence or the provision of information. (5) Compensation scheme regulations may make provision— (a) about the procedure to be followed by an independent valuer; (b) for reconsideration of a decision of an independent valuer; (c) for appeal to a court or tribunal against a decision of an independent valuer. (6) An independent valuer (and their staff) are neither servants nor agents of the Crown (and, in particular, are not civil servants). (7) Records of an independent valuer are public records for the purposes of the Public Records Act 1958 .

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