95
In forceEntitlement to compensation—exercise of powers under Part III
Part VIIICompensation for exercise of powers under Part III and failure to acquire
Division 1Entitlement to compensation
95 Entitlement to compensation—exercise of powers under Part III
Where:
(a)
person who owns an interest in land suffers loss because of the exercise, in relation to the land, of powers conferred by Part III; and
(b)
either:
(i)
within 3 years after suffering the loss, the person makes a claim for compensation in accordance with section 97 in respect of the loss; or
(ii)
the Minister makes an offer of compensation to the person under subsection 101A(1) in respect of the loss;
the Commonwealth is liable to pay to that person as compensation such amount as will justly compensate him or her for the loss.
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