Government Agencies (Land Acquisition Reporting) Regulation 2019

This regulation is the Government Agencies (Land Acquisition Reporting) Regulation 2019.

The following acquisitions are prescribed:

the acquisition of an easement for which the compensation paid is less than $10 000;

the acquisition of an easement for which no compensation is payable.

The following acquisitions are prescribed:

an acquisition of land under the buyback scheme;

an acquisition of land under the eligible impacted property buyback program.

In this section:

buyback scheme means the scheme involving the acquisition by the Territory of residential premises that contain or have contained loose‑fill asbestos insulation.

eligible impacted property buyback program—see the Civil Law (Sale of Residential Property) Act 2003, section 9A (1).

loose-fill asbestos insulation—see the Dangerous Substances Act 2004, section 47I.

An acquisition of land that happens because of the surrender of a development lease is prescribed if—

the lease is surrendered on or after 1 January 2019; and

no compensation is payable by the Territory for the surrender of the lease.

In this section:

development lease means a territory lease that permits the lessee to use land the subject of the lease for the purpose of carrying out works and constructing buildings in accordance with the requirements of a deed of agreement annexed to the lease.

Note Territory lease—see the Legislation Act, dictionary, pt 1.

An acquisition of land is prescribed if the acquisition—

happens because of a forfeiture of tainted property to the Territory under the Confiscation of Criminal Assets Act 2003, part 5 (Forfeiture of property); and

is made on or after 1 January 2019.