Commonwealth Numbered Acts

DAIRY ADJUSTMENT ACT 1974 No. 166 of 1974 - SECT 7

7. The arrangements may provide for-

   (a)  the making of agreements between the State or an authority of the
        State and the owners of land comprised in uneconomic dairy farms in
        the State for the disposal of the land (including structural
        improvements on the land) to the State or the authority of the State
        at prices based on market values current at the time of the disposal;
        and

   (b)  the disposal by the State or the authority of the State of land that
        becomes available for such disposal as a result of acquisitions under
        the arrangements, but so that-

        (i)    subject to sub-paragraph (ii), the price or rent in respect of
               such a disposal shall be based on market values current at the
               time of the disposal, but may take into account the nature of
               the proposed use of the land;

        (ii)   a person obtaining land from the State or the authority of the
               State will not be required to pay for structural improvements
               on the land that are unsuitable or redundant in relation to the
               proposed use of the land by that person;

        (iii)  land will not be disposed of for use primarily for farming
               unless it is to be so used as part of a rural property that
               constitutes an economic unit in accordance with tests provided
               for by or under the agreement; and

        (iv)   disposals under the arrangements will be made so as to
               encourage the most practicable and economic use of land,
               including, so far as is consistent with such land use, the
               diversification of production.