23—Negotiation of compensation
(1) The Authority and
the claimant must negotiate in good faith in relation to the compensation
payable for the acquisition of land under this Act.
(3) If a party to the
negotiations holds or held, or claims to hold or to have held, native title in
the land, and either the party or the Authority requests the ERD Court to do
so, the Court must mediate between the parties to assist in obtaining their
agreement on the matters at issue between them.
(4) The Authority may
offer non-monetary compensation.
Example—
The non-monetary compensation might take the form of a transfer of land, the
provision of goods or services, or the carrying out of work for the
re-instatement or improvement of land remaining in the claimant's ownership
after the acquisition.
(5) A party to the
negotiations who is the holder of native title in the land may request
non-monetary compensation, and the Authority must give due consideration to
any such request.
(6) The Authority's
liability to pay compensation under this Act for the acquisition of land is
reduced by the value of non-monetary compensation provided at the request of,
or by agreement with, the person to whom the liability is owed.
(7) The Authority
must, at the request of the claimant and in accordance with any requirements
set out in the regulations, convene a conference (a
"valuers conference") between valuers who have made a valuation of the
subject land (and the Authority may convene such a conference at any other
time the Authority considers appropriate).
(8) The primary
purpose of a valuers conference is to determine, if possible, a valuation of
the subject land that is acceptable to both valuers (having regard to any
factors that may affect the original valuations of the land), and to determine
those matters of fact and opinion on which they agree and those on which they
disagree, and the reasons for any disagreement.
(9) Subject to this
Act and the regulations, a valuers conference is to be conducted in accordance
with procedures determined by the Authority.
(10) The regulations
may make further provision in relation to a valuers conference (including, to
avoid doubt, requiring a report of the valuers conference to be prepared and
provided to the Authority and the claimant).