Australian Capital Territory Consolidated Acts

LANDS ACQUISITION ACT 1994 - SECT 75

    (1)     This section applies where—

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

        (b)     the amount of compensation payable to the person in respect of the acquisition has been determined in accordance with division 6.5; and

        (c)     at the end of 3 months after the determination of the amount of compensation, the person has not, because of some default or delay on the part of the person, received payment of the compensation.

    (2)     The Executive may pay the compensation into the trust account.

    (3)     The Executive may pay rates, taxes or similar amounts charged on the land and due at the time of the acquisition and shall deduct the amount of the payment from the compensation otherwise payable into the trust account.

    (4)     On payment of the compensation into the trust account, the compensation shall, for sections 76 and 77, be taken to have been paid to the person.

    (5)     Where the person rectifies the default or delay referred to in subsection (1), the Executive shall pay to the person, out of the trust account, an amount equal to the amount of compensation paid into the trust account.