Section 1 above shall have effect in relation to rating lists to be compiled on or after the day on which this Act was passed.
Section 1 above shall be treated as having become effective on 1st April 1990 in relation to rating lists compiled before the day on which this Act was passed.
However, subsection (2) above shall not apply in relation to a hereditament if a proposal to alter a rating list in respect of the hereditament—
was made before 12th March 1998 in accordance with regulations under section 55 of the Local Government Finance Act 1988, and
was not withdrawn or finally disposed of before 11th March 1998.
For the purposes of this section a rating list is a local or central non-domestic rating list.