This legislation has been repealed.
(1) Subject to this
Part, the compensation payable for injurious affection due to or arising out
of the land being reserved under a regional planning scheme for a public
purpose, where no part of the land is purchased or acquired by the Commission,
shall not exceed the difference between —
(a) the
value of the land as so affected by the existence of such reservation; and
(b) the
value of the land as not so affected.
(2) The values
referred to in subsection (1)(a) and (b) shall be assessed as at the date on
which —
(a) the
land is sold as referred to in section 33(1)(a);
(b) the
application for permission to carry out development on the land is refused; or
(c) the
permission is granted subject to conditions that are unacceptable to the
applicant.
[Section 34 inserted by No. 59 of 1999 s. 14.]