New South Wales Consolidated Acts

LORD HOWE ISLAND ACT 1953 - SECT 28

28 Definitions of “improvements” and “capital value”

For the purpose of the provisions in this Division contained:
The expression "improvements" shall mean improvements of a permanent fixed and substantial character, and necessary for the profitable occupation of the land, and fencing-where of the description aforesaid-shall be deemed to be an improvement common to the land on either side of such fencing, and
The expression "capital value of improvements" shall mean their capital value determined so as to be:

(a) their value at the date of the commencement of the title of the incoming tenant-and

(b) their value to such tenant-and

(c) exclusive of any value which may be due to the inherent capabilities of the land.