Roads Act 1993

A person to whom compensation is provided in the form of land is to be treated as having been fully compensated—

if the land has a market value equal to or greater than the amount of compensation that would otherwise have been provided in the form of money, or

if the land has a market value less than the amount of compensation that would otherwise have been provided in the form of money but the person has agreed to accept the land in full satisfaction of the person’s claim.

No duty is payable under the Duties Act 1997 in respect of the conveyance or transfer of any such land and no fee is payable for the registration or recording under any Act of the conveyance or transfer of any such land.