Matters affecting compensation payable
24 Matters affecting compensation payable
For assessing, under the Acquisition of Land Act 1967, the compensation to be paid to a person for land taken under this division, regard must not be had—
to the value of any works carried out on the land after—
a notice of intention to resume the land is given to a person entitled under the Acquisition of Land Act 1967 to compensation for the land; or
a resumption agreement for the land is entered into; or
to any change in the value of the land relating to a declaration of a cross river rail PDA under the Economic Development Act 2012, including, for example, a change in the value of the land because of—
an interim land use plan under that Act for the cross river rail PDA; or
a development scheme under that Act for the cross river rail PDA.
This section applies despite the Acquisition of Land Act 1967, section 20(2).
In this section—
resumption agreement see the Acquisition of Land Act 1967, section 15(1).
This Act’s bill:Explanatory memorandumSecond reading speech
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