Miscellaneous interest subject to security
19 Miscellaneous interest subject to security
This section applies if—
a miscellaneous interest is acquired from a person (the owner) under the Act; and
immediately before the acquisition day, the interest was subject to a security.
As a general rule, the compensation to which the owner of the interest is entitled in relation to the acquisition is determined as if the interest had not been subject to any security.
If compensation is payable under this part to a securityholder, the compensation payable to Calvary is reduced by so much of the compensation payable to the securityholder as represents the amount worked out under division 4.3 (Acquisition of security rights).
Division 4.5 Claims for, and offers of compensation
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