Australian Capital Territory Numbered Acts

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LANDS ACQUISITION AMENDMENT ACT 1999 (NO. 74 OF 1999) - SECT 2

Commencement

    This Act commences on the day it is notified in the Gazette .

3     Act amended

    This Act amends the Lands Acquisition Act 1994 .

4     Amount of compensation—general principles

    Section 45 is amended by inserting in paragraph (2) (d) “subject to section 50,” before “if the interest”.

5     Matters to be disregarded in assessing compensation

    Section 50 is amended by adding at the end the following paragraph and subsection:

    “(e)     in the case of an acquisition of land the subject of a rural lease that was granted for a term less than 21 years—the possibility of a further lease being granted in respect of the land under section 171A of the Land (Planning and Environment) Act 1991 (the Land Act ).

“(2)     In this section—

"rural lease" means a lease of Territory Land granted, or taken to be granted, under the Land Act for rural purposes or purposes including rural purposes.”.

   

1     Republished as in force on 31 December 1997.

[Presentation speech made in Assembly on 2 September 1999]

© Australian Capital Territory 2003


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