In Queensland, events occurring after the date of compulsory acquisition cannot be directly taken into account in assessing the market value of land under s 20 of the Acquisition of Land Act 1967. The Spencer test confines the hypothetical parties' knowledge to what was available at the acquisition date, including future possibilities but only as possibilities with appropriate weight. The 'foresight/hindsight' dictum from Falconer does not authorise direct use of subsequent events in market value assessment. However, subsequent events may be taken into account in assessing other heads of compensation such as disturbance, severance and injurious affection. Prior Queensland authority (CMB No 1 Pty Ltd v Cairns City Council and Thorpe v Brisbane City Council) is confined to its specific statutory and factual contexts and does not support the use of subsequent events in market value assessment.
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