Land Regulation 2020

The value of quarry material in land is the market value of any of the quarry material that is the property of the State and could be taken for commercial gain, worked out as at the day provided for under subsection (2).

The market value of the quarry material must be worked out—

if the quarry material is in a road to be amalgamated under section 109(2)(b) of the Act—as at the day the Minister makes the decision about the road under section 109(1) of the Act; or

if the quarry material is in land to be amalgamated by way of a deed of grant under section 122(2)(b) of the Act—as at the day the Minister makes the decision about the land mentioned in that section.