Acquisition on just terms

Current

If the operation of the Co-operatives National Law (NT) would, apart from this section, result in an acquisition of property from a person otherwise than on just terms:

(a)

the person is entitled to receive from the Territory the compensation necessary to ensure the acquisition is on just terms;

and

(b)

a court of competent jurisdiction may decide the amount of compensation or make the orders it considers necessary to ensure the acquisition is on just terms.

This Act’s bill:Explanatory statement

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19 Acquisition on just terms