Federal Court may approve certain acts
116 Federal Court may approve certain acts
Where:
an acquiring authority wishes to acquire an interest in land from a person by agreement; and
but for this subsection, the person would not have the capacity or power to enter into or carry out such an agreement;
the person may, with the approval of the Federal Court, enter into and carry out such an agreement.
Where:
an interest in land has been acquired from a person by compulsory process; and
but for this subsection, the person would not have the capacity or power to do something in connection with compensation in respect of the acquisition;
the person may, with the approval of the Court, do the thing.
Where, under subsection (1) or (2), the Court gives its approval to a person entering into an agreement, or doing something in connection with compensation, amounts payable under the agreement, or by way of compensation, shall be:
paid to a trustee appointed by the Court, subject to such trusts as the Court directs; or
otherwise applied in accordance with the directions of the Court.
This section has effect despite any law, deed, will, memorandum or articles of association or other instrument.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.