AUSTRALIAN CAPITAL TERRITORY

Lands Acquisition Amendment Act 1999
No. 74 of 1999
	
An Act to amend the Lands Acquisition Act 1994
 [Notified in ACT Gazette No. 50:  15 December 1999]
	The Legislative Assembly for the Australian Capital Territory enacts as follows:
1 	Name of Act
	This Act is the Lands Acquisition Amendment Act 1999.
2 	Commencement
	This Act commences on the day it is notified in the Gazette. 
3 	Act amended
	This Act amends the Lands Acquisition Act 1994.
4 	Amount of compensation—general principles
	Section 45 is amended by inserting in paragraph (2) (d) “subject to section 50,” before “if the interest”.
5 	Matters to be disregarded in assessing compensation
	Section 50 is amended by adding at the end the following paragraph and subsection:
	“(e)	in the case of an acquisition of land the subject of a rural lease that was granted for a term less than 21 years—the possibility of a further lease being granted in respect of the land under section 171A of the Land (Planning and Environment) Act 1991 (the Land Act).
“(2) 	In this section—
rural lease means a lease of Territory Land granted, or taken to be granted, under the Land Act for rural purposes or purposes including rural purposes.”.

Endnote
Act amended
1	Republished as in force on 31 December 1997.

[Presentation speech made in Assembly on 2 September 1999]

©  Australian Capital Territory 1999