63Amount of compensation

63 Amount of compensation

S. 63(1) amended by No. 1/2024 s. 7(1).

(1) Subject to section 64, the amount of compensation payable in respect of any premises, livestock product, fodder, fitting or vehicle is the market value of the premises, livestock product, fodder, fittings or vehicle at the time of destruction.

S. 63(2) amended by No. 58/1997 s. 96(Sch. item 6.4), substituted by No. 1/2024 s. 7(2).

(2) Subject to section 64, the amount of compensation payable to an owner of livestock that died or was destroyed as a result of an exotic disease is the market value of the livestock at whichever is the earlier of the following times at which—

(a) the owner consulted a veterinary practitioner about the diseased livestock;

(b) the owner notified an inspector of the exotic disease under section 7;

(c) restrictions on the movement of the livestock were imposed under Part 3;

(d) the Secretary was notified that the livestock was affected by or died of the exotic disease.

S. 64 substituted by No. 1/2024 s. 8.