AMP Capital Investors Limited and Anor v Transport Infrastructure Development Corporation (No 2) [2007] NSWLEC 465

Land and Environment Court of New South Wales

CITATION : AMP Capital Investors Limited and Anor v Transport Infrastructure Development Corporation (No 2) [2007] NSWLEC 465

APPLICANTS AMP Capital Investors Limited PARTIES : AMP Macquarie Pty Limited RESPONDENT Transport Infrastructure Development Corporation

FILE NUMBER(S) : 30966 of 2003

CORAM: Pain J

KEY ISSUES: Compulsory Acquisition of Land :- final orders made

CASES CITED: AMP Capital Investors Limited and Anor v Transport Infrastructure Development Corporation [2007] NSWLEC 397

DATE OF JUDGMENT: 30 July 2007

APPLICANTS Mr M Craig QC with Mr A Galasso SOLICITORS Mallesons Stephen Jaques LEGAL REPRESENTATIVES: RESPONDENT Mr T Hale SC with Mr J Maston SOLICITORS Australian Government Solicitor

JUDGMENT: THE LAND AND ENVIRONMENT COURT OF NEW SOUTH WALES

Pain J

30 July 2007

30966 of 2003 AMP Capital Investors Limited and Anor v Transport Infrastructure Development Corporation (No 2)

JUDGMENT 1 Her Honour: I handed down my decision in AMP Capital Investors Limited and Anor v Transport Infrastructure Development Corporation [2007] NSWLEC 397 on 2 July 2007 in which I determined an approximate amount for market value only. I asked the parties to confer and agree on an amount for market value which has now been done. The agreed figure is $1,115,000. For the reasons stated in my earlier judgment no compensation is payable to AMP. 2 I therefore issue final orders in this matter as follows: 1. The Court determines the amount of compensation to which the Applicant is entitled under Part 3 of the Land Acquisition (Just Terms Compensation) Act 1991 as nil. 2. Costs are reserved. 3. The exhibits are to be returned.