Litigation, including assessments of compensation payable in accordance with the Land Acquisition
(Just Terms Compensation) Act 1991
Instructions for these types of valuations will come from either the statutory authorities seeking to acquire the whole or part of a property, or from a solicitor acting for an owner affected by the proposed acquisition, or directly from the owner.
Within New South Wales most acquisitions are effected under the Land Acquisition (Just Terms Compensation) Act 1991 and valuers will be required to assess compensation in accordance with the provisions of this Act, particularly section 55.
If agreement cannot be reached the land may be formerly acquired by the statutory authority and appointed valuers may then be required to complete a Statement of Evidence and appear in the Land & Environment Court as an expert witness.
Priror to actual Court hearing there are often extensive negotiations and conferences undertaken in an attempt to settle compensation payable and generally at this stage valuers will work closely with barristers who will be advising on the respective components of the compensation.