This legislation has been repealed.
(1) When the
Commission elects to acquire the land as provided in section 31, if the
Commission and the owner of the land are unable to agree as to the price to be
paid for the land by the Commission, the price at which the land may be
acquired by the Commission shall be the value of the land as determined in
accordance with subsection (2).
(2) The value of the
land referred to in subsection (1) shall be the value of the land on the date
the Commission elects to acquire the land under that subsection, and that
value shall be determined —
(a) by
arbitration in accordance with the Commercial Arbitration Act 1985 ; or
(b) by
the StateAdministrative Tribunal on the owner of the land applying to it for a
determination of that value;
or
(c) by
some other method agreed upon by the Commission and the owner of the land,
and that value shall
be determined without regard to any increase or decrease, if any, in value
attributable wholly or in part to the regional planning scheme.
[(3) repealed]
[Section 32 inserted by No. 59 of 1999 s. 14;
amended by No. 55 of 2004 s. 1319.]