(1) Where statutory undertakers are entitled to compensation—
(a) as mentioned in subsection (1), (2) or (4) of section 279; or
(b) under the provisions of section 115 in respect of an order made under section 102 or paragraph 1, 3, 5 or 6 of Schedule 9, as modified by section 270; or
(c) in respect of a compulsory acquisition of land which has been acquired by those undertakers for the purposes of their undertaking, where the first-mentioned acquisition is effected under a compulsory purchase order confirmed or made without the appropriate Minister's certificate,
or the operator of [an electronic communications code network] is entitled to compensation as mentioned in section 279(3), the amount of the compensation shall (subject to section 281) be an amount calculated in accordance with this section.
(2) Subject to subsections (4) to (6), that amount shall be the aggregate of—
(a) the amount of any expenditure reasonably incurred in acquiring land, providing apparatus, erecting buildings or doing work for the purpose of any adjustment of the carrying on of the undertaking or, as the case may be, [the provision of the electronic communications code network] rendered necessary by the proceeding giving rise to compensation (a “business adjustment”);
(b) the appropriate amount for loss of profits; and
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