Commonwealth Numbered Acts

LANDS ACQUISITION ACT 1989 No. 15 of 1989 - SECT 116

116. (1) Where:

   (a)  an acquiring authority wishes to acquire an interest in land from a
        person by agreement; and

   (b)  but for this subsection, the person would not have the capacity or
        power to enter into or carry out such an agreement; the person may,
        with the approval of the Federal Court, enter into and carry out such
        an agreement.

(2) Where:

   (a)  an interest in land has been acquired from a person by compulsory
        process; and

   (b)  but for this subsection, the person would not have the capacity or
        power to do something in connection with compensation in respect of
        the acquisition; the person may, with the approval of the Court, do
        the thing.

(3) Where, under subsection (1) or (2), the Court gives its approval to a
person entering into an agreement, or doing something in connection with
compensation, amounts payable under the agreement, or by way of compensation,
shall be:

   (a)  paid to a trustee appointed by the Court, subject to such trusts as
        the Court directs; or

   (b)  otherwise applied in accordance with the directions of the Court.

(4) This section has effect despite any law, deed, will, memorandum or
articles of association or other instrument.