In Adam Pty Limited v Valuer General [2010] NSWLEC 1262

Land and Environment Court of New South Wales

CITATION : In Adam Pty Limited v Valuer General [2010] NSWLEC 1262

APPLICANT In Adam Pty Limited PARTIES : RESPONDENT Valuer General

FILE NUMBER(S) : 30791; 30792; 30793 of 2009

CORAM: Moore SC - Cowell AC

KEY ISSUES: VALUATION OF LAND :- valuation of local government recognised heritage item; effect of change in s 14G(1) of the Valuation of Land Act 1916 by the insertion of s 14G(1)(b1)

LEGISLATION CITED: Valuation of Land Act 1916 s 14G

CASES CITED: Valuer-General v Commonwealth Custodial Services Ltd [2009] NSWCA 143; (2009) 74 NSWLR 700

DATES OF HEARING: 24, 25 and 26 August

DATE OF JUDGMENT: 22 September 2010

APPLICANT Mr I Hemmings, barrister INSTRUCTED BY Hones La Hood Lawyers LEGAL REPRESENTATIVES: RESPONDENT Mr J Maston, barrister INSTRUCTED BY Crown Solicitor's Office

JUDGMENT: THE LAND AND ENVIRONMENT COURT OF NEW SOUTH WALES

MOORE SC COWELL AC

22 September 2010

30791, 2 and 3 of 2009 In Adam Pty Limited v Valuer General

JUDGMENT 1 COMMISSIONERS: On two occasions, judges of the Court have considered appeals against statutory valuations of the Sydney City Council recognised heritage building occupied by the Commonwealth Bank on the northern side of Martin Place in Sydney's Central Business District. The building is easily recognised as the structure upon which that bank's iconic children's moneyboxes were modelled. Indeed, in the various pieces of litigation concerning the building's valuation, the building has been referred to as the Moneybox.