Commonwealth Custodial Services Limited as Trustee for the Burwood Trust Fund; Trust Company of Australia Limited v Valuer-General [2006] NSWLEC 400

Reported Decision : 148 LGERA 38 [2007] NSWCA 181; 154 LGERA 437 (CA)

Land and Environment Court of New South Wales

CITATION : Commonwealth Custodial Services Limited as Trustee for the Burwood Trust Fund; Trust Company of Australia Limited v Valuer-General [2006] NSWLEC 400

31413 of 2004

APPLICANT: Commonwealth Custodial Services Limited as Trustee for the Burwood Trust Fund RESPONDENT: Valuer-General PARTIES : 31438 of 2004

APPLICANT: Trust Company of Australia Limited RESPONDENT: Valuer-General

FILE NUMBER(S) : 31413; 31438 of 2004

CORAM: Biscoe J

KEY ISSUES: Valuation of Land :- meaning of "improvements" in s 6A(1) of Valuation of Land Act 1916 – determination of highest and best use.

LEGISLATION CITED: Valuation of Land Act 1916 (NSW) s 4(1), s 6A, s 37, s 40 Valuation of Land Act 1944 (Qld) s 3(1)(b), s 3(2)

Adelaide Clinic Holdings Pty Ltd v Minister for Water Resources (1988) 65 LGRA 410; Boland v Yates Property Corporation Pty Ltd (1999) 167 ALR 575 Brisbane City Council v Valuer-General for the State of Queensland (1978) 140 CLR 41; Caltex Oil (Aust) Pty Ltd v Chief Executive, Department of Lands (1996-1997) 16 QLCR 435; Campbell v Deputy Federal Commissioner of Land Tax (NSW) (1915) 20 CLR 49; Cedar Rapids Manufacturing and Power Co v Lacoste [1914] AC 569; Collins v Willoughby Municipal Council (1967) 14 LGRA 257; Commissioner of Land Tax v Nathan (1913) 16 CLR 654; Commonwealth v Oldfield (1976) 133 CLR 612; Department of Natural Resources and Mines v QNI Metals Pty Ltd [2002] QLAC 71; Fisher v Deputy Federal Commissioner of Land Tax (NSW) (1915) 20 CLR 242; Goode v Valuer-General (1979) 22 SASR 247, 61 LGRA 424; Hegira Ltd v Minister for Natural Resources and Mines [2005] QLC 0051; Justin John Enterprises Pty Ltd v Valuer-General [1999] NSWLEC 208; Keogh v Deputy Federal Commissioner of Land Tax (NSW) (1915) 20 CLR 258; Kiddle v Deputy Federal Commissioner of Taxation (1919) 27 CLR 316; Maurici v Chief Commissioner of State Revenue (1999) 105 LGERA 318; Maurici v Chief Commissioner of State Revenue (2001) 51 NSWLR 673 ; CASES CITED: Maurici v Chief Commissioner of State Revenue (2003) 212 CLR 111; McGeoch v Federal Commissioner of Land Tax (1929) 43 CLR 277; Michael Realty Pty Ltd v Carr [1975] 2 NSWLR 812; Morrison v Federal Commissioner of Land Tax (1914) 17 CLR 498; Pancho v Wingecarribee Council (1999) 110 LGERA 352; Park v Allied Mortgage Corporation Ltd (Hill J, FCA, 5 July 1995, unreported); Raynbird v Valuer-General (1980) 7 QLCR 106; Spencer v The Commonwealth (1907) 5 CLR 418; Spicer v Valuer-General (1963) 10 LGRA 319 ; Stubberfield v Valuer-General [1991] 1 Qd R 278; Tandou Ltd v Western Lands Commissioner (Bignold J, NSWLEC, 19 June 1996, unreported); Tetzner v Colonial Sugar Refining Company Ltd [1958] AC 50; Thomspon v Council of the Municipality of Randwick (1950) 81 CLR 87; Tilghman v Valuer-General (1966) 12 LGRA 380; Toohey's Limited v Valuer-General [1925] AC 439; Valuer-General v Fenton Nominees Pty Ltd (1982) 150 CLR 160; Valuer-General v Marano (1978) 5 QLCR 194; Vanadi Pty Ltd v Valuer-General (Talbot J NSWLEC, 9 November 1995, unreported)