art 2 Interpretation
(1) In this Order— “the Act” (“ y Ddeddf ”) means the Local Government Finance Act 1988; “Central List Regulations” (“ Rheoliadau Rhestr Ganolog ”) means the Central Rating List (Wales) Regulations 1999 ; “a class of hereditaments” (“ dosbarth ar hereditamentau ”) means such of those hereditaments to be shown in the central rating list for Wales by virtue of regulation 3(1) of and Part 6 of the Schedule to the Central List Regulations as are occupied by any one designated person named in the schedule to this Order; “designated person” (“ person dynodedig ”) means a person designated by regulation 3(1) of and named in Part 6 of the Schedule to the Central List Regulations; and in relation to a class of hereditaments “relevant designated person” means the designated person in occupation of that class; “recalculation factor” (“ ffactor ailgyfrif ”) in relation to a class of hereditaments means the factor determined in relation to that class in accordance with article 7; “relevant year”(“ blwyddyn berthnasol ”) means any year for which a rateable value is to be determined in accordance with this Order and “relevant preceding year” means the year preceding a relevant year; “the standard formula” (“ y fformwla safonol ”) means the formula T + U where— T is the amount specified in relation to a class of hereditaments in the Schedule; and U is the recalculation factor applicable to that class in respect of the relevant year ; and “year” (“ blwyddyn ”) means a chargeable financial year. (2) Any reference in this Order to a class of hereditaments occupied by a person includes a reference, in the case of unoccupied hereditaments, to hereditaments owned by that person, references to occupation being construed accordingly. (3) Any reference in this Order or in the Schedule to a designated person by name is to the company bearing that name at the date that name is entered in the central rating list for Wales.