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473. (1) Where, on a claim for compensation under this Part, in so far as this Part relates to the maritime area, compensation has become payable, either by agreement between the planning authority or Maritime Area Regulatory Authority, as appropriate (or, as the case may be, the Commission) and claimant or following the arbitration process, the planning authority or Maritime Area Regulatory Authority (or, as the case may be, the Commission) shall prepare and retain a statement of that fact, specifying the basis for the claim for compensation, the dates when the claim for compensation was received and determined and the amount of the compensation which is agreed between the planning authority or Maritime Area Regulatory Authority (or, as the case may be, the Commission) and claimant or determined in the arbitration process.
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