LAND ACQUISITION AND COMPENSATION ACT 1986 - SECT 18 Acquisition by agreement
LAND ACQUISITION AND COMPENSATION ACT 1986 - SECT 18
Acquisition by agreement(1) The Authority may, at any time after the service of a notice of intention to acquire an interest in land and before the notice has lapsed or been withdrawn and before the publication of a notice of acquisition in respect of that interest, acquire that interest by agreement.
(2) The compensation paid by the Authority pursuant to an agreement referred to in subsection (1) may take into account the compensation which would have been payable in respect of the interest if a notice of acquisition had been published in respect of the interest on the date of the agreement.
(3) An interest in land which has been acquired by an agreement referred to in subsection (1) is to be treated as having been compulsorily acquired for the purpose of any matter arising under any other Act after the acquisition.
Division 4—Acquisition of interests in land