Compensation for acquisition of property
4AB Compensation for acquisition of property
If:
this Act would result in an acquisition of property; and
any provision of this Act would not be valid, apart from this section, because a particular person has not been compensated;
the Commonwealth must pay that person:
a reasonable amount of compensation agreed on between the person and the Commonwealth; or
failing agreement—a reasonable amount of compensation determined by a court of competent jurisdiction.
Any damages or compensation recovered, or other remedy given, in a proceeding begun otherwise than under this section must be taken into account in assessing compensation payable in a proceeding begun under this section and arising out of the same event or transaction.
In this section:
acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.
The Consolidated Revenue Fund is appropriated for the purposes of making payments under this section.
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