Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Where a person has, by virtue of a grazing licence, an occupation licence or a miscellaneous licence under the Crown Lands Ordinance 1931 of the Northern Territory, as amended and in force from time to time, a right to use land to which a recommendation under subsection 11(1) or (1AD) relates, then, upon the execution under this Act of a deed of grant in respect of the land, that right is converted into a right to compensation from the Commonwealth.
(2) Where a person has a right to compensation under subsection (1) in relation to the loss of a licence, the right extends to compensation for decrease in value of an estate or interest or other licence of the person in land that is adjacent to the land granted, to the extent that the decrease arose out of the loss of that licence.
(3) Compensation under this section is not payable in respect of improvements that are not authorised under the Crown Lands Ordinance 1931 of the Northern Territory, as amended and in force from time to time.
(4) The amount of compensation payable to a person under this
section shall be such reasonable amount of compensation as is, subject to the
operation of subsections (2) and (3), agreed between the Commonwealth
and that person or, failing agreement, as is determined by the Federal Court
of Australia.