115T
CurrentVacancy fee recovery—compensation for acquisition of property
Part 6AVacancy fees for foreign acquisitions of residential land
Division 3Vacancy fees: recovery of unpaid fees
115T Vacancy fee recovery—compensation for acquisition of property
(1)
If the operation of this Division would result in an acquisition of property from a person otherwise than on just terms, the Commonwealth is liable to pay a reasonable amount of compensation to the person.
Note:
For the definitions of acquisition of property and just terms, see section 4.
(2)
If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in a court of competent jurisdiction for the recovery from the Commonwealth of such reasonable amount of compensation as the court determines.
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