MINING ACT 1992 - SECT 272
Assessment of compensation
MINING ACT 1992 - SECT 272
Assessment of compensation
272 Assessment of compensation
(1) The assessment of compensation payable under this Part--
(a) must be made
in the manner prescribed by the regulations, and
(b) must not be made until
notice in the approved form--
(i) has been published in the way specified by
the regulations, or
(ii) has been served on each person who appears to the
Land and Environment Court to be interested in the assessment, and
(c) must
not exceed in amount the market value (for other than ancillary mining
activities) of the land and the buildings, structures and works situated on
the land.
(2) Any compensation agreed on or determined under Subdivision M or
P of Division 3 or Division 5 of Part 2 of the Commonwealth Native Title Act
for essentially the same act as an act in respect of which compensation is to
be assessed under this Part must be taken into account in the assessment of
compensation for the act under this Part.
