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Property arbitrators.
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2.—(1) The Reference Committee may appoint one or more persons having special knowledge of the valuation of land or having such other qualifications as the Reference Committee considers suitable to be an arbitrator or arbitrators for the purposes of Part I of the Act of 1910, the Act of 1919 and the Act of 1945 and a person so appointed shall be known, and is referred to in this Act, as a property arbitrator.
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(2) A property arbitrator shall hold office on such terms and conditions, other than those provided for under subsection (3) of this section, as the Reference Committee may from time to time determine with the approval of the Minister for Finance.
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(3) A property arbitrator shall be paid, out of moneys provided by the Oireachtas, such remuneration and allowances for expenses as the Minister for Finance may from time to time determine.
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(4) Where, immediately before the date of the passing of this Act, a person holds office as a member of the panel of official arbitrators under the Act of 1919 and is in receipt of an annual salary in respect of such office, that person shall be deemed to have been appointed under this section on such date to be a property arbitrator for the purposes of Part I of the Act of 1910, the Act of 1919 and the Act of 1945 and to hold office on terms and conditions (including terms and conditions relating to remuneration and allowances for expenses) not less favourable than those on which he held office as a member of the panel aforesaid.
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