Under the Land Acquisition Act 1969 (SA), interest pursuant to s 33 is payable only on the monetary component of compensation for compulsory acquisition. Where a landowner agrees to accept non-monetary compensation (such as a transfer of surplus land), the acquiring authority's liability to pay compensation is reduced by the value of that non-monetary compensation under s 23(6), and interest does not accrue on that reduced amount. Landowners who wish to maximise interest entitlements should insist on monetary compensation only.
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