Victorian Consolidated Legislation

Lake Corangamite Act 1966 - SECT 4

Compensation payable by Crown

4. Compensation payable by Crown



(1) The compensation payable to any person who surrenders land to the Crown
pursuant to this Act shall be equal to such percentage of the average value of
undeveloped land surrounding and adjacent to the relevant lake which is not
subject to flooding as is specified in the appropriate following table:

TABLE A Land Inundated by or Adjacent to Lake Corangamite which is-

Percentage of the Value of At or above reduced  Level of- Below reduced Level
of- Undeveloped Land which is not Subject to Flooding Feet Feet % 0 380 0 380
381 5 381 382 14 382 383 23 383 384 32 384 385 41 385 386 50 386 387 59 387
388 68 388 389 77 389 390 86 390 391 95 391 . . 100 TABLE B Land Inundated by
or Adjacent to Lake Gnarpurt which is-

Percentage of the Value of

At or above reduced  Level of- Below reduced Level of- Undeveloped Land which
is not Subject to Flooding Feet Feet % 0 383 0 383 384 5 384 385 14 385 386 23
386 387 32 387 388 41 388 389 50 389 390 59 390 391 68 391 392 77 392 393 86
393 394 95 394 . . 100









TABLE C Land Inundated by or Adjacent to Lake Murdeduke which is-

Percentage of the Value of

At or above reduced  Level of- Below reduced Level of- Undeveloped Land which
is not Subject to Flooding Feet Feet % 0 278 0 278 279 5 279 280 14 280 281 23
281 282 32 282 283 41 283 284 50 284 285 59 285 286 68 286 287 77 287 288 86
288 289 95 289 . . 100

(2) The percentage of value of undeveloped land applicable to any particular
area or areas of land shall be determined-

   (a)  as nearly as may be on the basis of existing or readily available
        survey information; or

   (b)  where because of the irregular or broken nature of the surface of any
        area the relevant reduced levels cannot be determined with reasonable
        accuracy from available survey information, by agreement with the
        owner having regard to the approximate level of the area in question.

(3) Where the compensation payable in accordance with the foregoing provisions
in respect of the whole of the lands surrendered by any one owner is less than
an average of $50 per acre for the whole of that land the compensation payable
shall nevertheless be calculated and payable on the basis of $50 per acre for
that land.