• Home
  • Articles
    • Front Page
    • General Interest
    • Special Interests
    • Snippets
    • Mayoral Notes
    • Letters to the Editor
  • Competitions
    • Sydney Royal Easter Show Giveaway
  • Our Community
    • Our People
    • Question of the Week
    • Jobs in the Central West
    • Be Seen
    • What’s On
  • Special Interests
    • Women In Business
    • Rural Round Up
    • My Place
    • Health & Wellbeing
    • Loving Local Living
    • Just a Short Drive
    • Real Estate
  • Sports
    • Bowls
    • Cricket
    • Equestrian
    • Footy Tips
    • Golf
    • Netball
    • Rugby League
    • Rugby Union
    • Soccer
    • Touch Football
  • Contact Us
    • Contact Page
    • Advertise with us
    • Testimonials
    • Submit an Article
    • Subscribe to the Parkes Phoenix

Parkes Phoenix

Land Acquisition On Just Terms

August 21, 2020 By Maggi Barnard

With the State Government seeking to acquire land either by negotiation or resumption in our area, it is worth considering the law relating to this.

The NSW Land Acquisition (Just Terms Compensation) Act, 1991 was introduced to prevent land resumptions without compensation. Section 55 of the Act provides the heads of compensation:

a. the market value of the land on the date of its acquisition,
b. any special value of the land to the person on the date of its acquisition,
c. any loss attributable to severance,
d. any loss attributable to disturbance,
e. the disadvantage resulting from relocation,
f. any increase or decrease in the value of any other land of the person at the date of acquisition which adjoins or is severed from the acquired land by reason of the carrying out of, or the proposal to carry out, the public purpose for which the land was acquired.

Some of these heads of compensation might not apply in each case, but the first step would be to get a registered land valuer, who is familiar with the Act, to provide a comprehensive valuation report on these heads of compensation. It is important to remember valuations are opinions and valuers often differ in how they arrive at their valuation.

You will also need a lawyer to advise you and undertake the legal work involved. It is worth noting that loss attributable to disturbance includes legal costs, valuation costs, financial costs, stamp duty, mortgage costs and more.

Compulsory acquisitions are a very complex area and you may need our help. For further information contact us.

Filed Under: Articles, General Interest, Our Community, Real Estate

Latest Print Editions

Click here to download the recent issue (6) of The Forbes & Parkes Phoenix (3MB PDF) – 12th Aug 2022

STAY CONNECTED

The Parkes Phoenix would like to thank you, our Facebook friends, for your continued support and readership!

SEARCH THE PHOENIX

Recent Articles

  • Parkes Elvis Winner Competes In Memphis August 12, 2022
  • Education Week at Forbes Public School – Creating Bright Futures and a Love for Learning August 12, 2022
  • Energy From Waste Shortlist For Parkes August 12, 2022
  • Undiagnosed Vision Problems With Children August 12, 2022
  • Snippets… August 12, 2022

CONTACT THE PHOENIX

Address
7/113-127 Rankin Street, Forbes NSW 2871

Editorial Phone –  0403 080 085
 editor@parkesphoenix.com.au

Sales Phone – 0476 110 953
sales@parkesphoenix.com.au

View our Privacy Policy.
View our Conflict Resolution Process.
View our Ethics and Complaints Policy.
Want to advertise with us?
Information on our Community Promotions.

Submit an Article

We are always looking for new articles of interest to the local community.

Please feel free to submit an article for possible inclusion in a future issue.

To submit an article, click here to use our online article submission form.

Recieve the Phoenix via email

* indicates required

Copyright © 2022 · Website setup by WebSysMan