Sydney Fish Market Pty Ltd v Valuer General of New South Wales [2024] NSWLEC 1029

Land and Environment Court New South Wales

Medium Neutral Citation: Sydney Fish Market Pty Ltd v Valuer General of New South Wales [2024] NSWLEC 1029 Hearing dates: Conciliation Conference on 1 August 2023, 13 and 20 December 2023 Date of orders: 01 February 2024 Decision date: 01 February 2024 Jurisdiction: Class 3 Before: Kempthorne AC Decision: The Court orders: (1) The appeal is upheld. (2) The valuation of 56-60 Pyrmont Bridge Road, Pyrmont (identified as PID 3380476 in the 2020 Land Tax Assessment Notice) as at 1 July 2019, is $26,000,000. (3) No further order as to costs. Catchwords: VALUATION OF LAND – objection to issued Land Value – conciliation conference – agreement between the parties – orders Legislation Cited: Land and Environment Court Act 1979, s 34 Valuation of Land Act 1916, ss 14A, 14I, 34, 37 Category: Principal judgment Parties: Sydney Fish Market Pty Ltd (Applicant) Valuer General of New South Wales (Respondent) Representation: Counsel: R Lancaster SC (Applicant) R White (Respondent)

Solicitors: HWL Ebsworth (Applicant) Crown Solicitors Office NSW (Respondent) File Number(s): 2021/98827 Publication restriction: Nil

JUDGMENT 1. COMMISSIONER: This Class 3 application arises from the disallowed objection and subsequent appeal by the Applicant pursuant to s 37 of the Valuation of Land Act 1916 (Valuation Act) in respect of the Land Value for the Valuing Year, 1 July 2019, of Lot 1 Deposited Plan (DP) 74155, Lots 1 and 2 DP 125720, Lot 1 DP 734622, Lot 1 DP 836351 and Lot 2 DP 827434, known as 56-60 Pyrmont Bridge Road, Pyrmont (the Land).