Document ID: chunk:federal_register_of_legislation:C2004A05187:clause:7_86f
Version: federal_register_of_legislation:C2004A05187
Segment Type: clause
Provision Reference: sch 7 cl 86F
Character Range: 27110–27953

86F  Compensation for acquisition of property
 (1) If:
 (a) the operation of this Act results in the acquisition of property from a person; and
 (b) the Commonwealth and the person agree on an amount of compensation for the acquisition;
the Commonwealth must pay the person the agreed amount of compensation.
 (2) If:
 (a) the operation of this Act results in the acquisition of property from a person; and
 (b) the Commonwealth and the person do not agree on an amount of compensation for the acquisition;
the Commonwealth must pay the person the amount of compensation (if any) that is determined by a court of competent jurisdiction.
 (3) This section does not affect the operation of section 69A.
 (4) In this section:
acquisition of property means an acquisition of property within the meaning of paragraph 51(xxxi) of the Constitution.