(1) For compensation payable because of a change, reasonable compensation is
the difference between the market values, appropriately adjusted having regard
to the following matters, to the extent they are relevant—
(a) any benefit
accruing to the claimant from the change, including, but not limited to, the
likelihood of improved water services;
(b) if the claimant has an authority
to take water in addition to the water allocation for which the claim is made,
any benefit accruing to the authority because of—
(i) the change or any
other change made before the claim for compensation was made; or
(ii) the
construction of, or improvement to, infrastructure on the watercourse, other
than infrastructure funded by the claimant, before the claim for compensation
was made;
(c) the effect of any other changes to the water plan made since
the change.
(2) In this section—
"difference between the market values" is the difference between the market
value of the water allocation immediately before the change came into effect
and the market value of the allocation immediately after the change came into
effect.
