Document ID: chunk:federal_register_of_legislation:C2022C00273:section:24m
Version: federal_register_of_legislation:C2022C00273
Segment Type: section
Provision Reference: s 24M
Character Range: 176546–177333

24M  Compensation for acquisition of property
 (1) If the operation of this Part would result in an acquisition of property from a person otherwise than on just terms, the Commonwealth is liable to pay a reasonable amount of compensation to the person.
 (2) If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in a court of competent jurisdiction for the recovery from the Commonwealth of such reasonable amount of compensation as the court determines.
 (3) In this section:
acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.
just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.

Part 4B—Reunification of superannuation balances

Division 1—Preliminary