Amendments to Compulsory Acquisition Law
The Land Acquisition (Just Terms Compensation) Amendment Act 2016 commenced on 1 March 2017.
The key amendments are:
1. A 6 month minimum negotiation period prior to compulsory acquisition.
2.An increase in the maximum payment for “disadvantage resulting from relocation” in relation to compulsory acquisition of a principal place of residence from $27,235.00 to $75,000.00.
3. A right to seek a review for unsuccessful hardship applications.
4. Exemption from paying rent for a principal place of residence for 3 months after acquisition.
5. Reinstatement costs in respect of land used for limited specific purposes where there is no general market for that land.