Everest Project Developments Pty Ltd v Minister Administering the Environmental Planning and Assessment Act 1979 & The Roads and Traffic Authority of New South Wales [2010] NSWLEC 88

Reported Decision : 177 LGERA 43

Land and Environment Court of New South Wales

CITATION : Everest Project Developments Pty Ltd v Minister Administering the Environmental Planning and Assessment Act 1979 & The Roads and Traffic Authority of New South Wales [2010] NSWLEC 88

APPLICANT Everest Project Developments Pty Ltd PARTIES : FIRST RESPONDENT Minister Administering the Environmental Planning and Assessment Act 1979 SECOND RESPONDENT The Roads and Traffic Authority of New South Wales

FILE NUMBER(S) : 31126 of 2007

CORAM: Sheahan J

KEY ISSUES: COMPULSORY ACQUISITION OF LAND :- compensation - unusual lot taken from large development site for road corner improvement - market value - notional transfer of development potential to residue land - before and after valuation method - comparable sales - hypothetical development check valuation method - masterplan process for staged developments in Green Square - "mixed use" development - bonus floor space scheme - "public domain improvement" packages and assessment of their value - injurious affection - disturbance items agreed - betterment issues - "nominal" compensation - "just compensation override" - does site contamination and cost of remediation affect compensation?- proximity of heritage building - market conditions - utility of feasibility studies - independence of some witnesses called as experts

LEGISLATION CITED: Land Acquisition (Just Terms Compensation) Act 1991 South Sydney Local Environmental Plan 1998

Abbey Orchard Property Investments Pty Ltd v Sydney City Council (1978) 37 LGRA 230 AMP Capital Investors Ltd v Transport Infrastructure Development Corporation [2007] NSWLEC 397 AMP Capital Investors Ltd v Transport Infrastructure Development Corporation [2008] NSWCA 325; (2008) 163 LGERA 245 ASIC v Rich [2005] NSWSC 149; ASIC v Rich [2005] NSWSC 149; (2005) 190 FLR 242 Ballina Waterways Pty Ltd v Roads and Traffic Authority of New South Wales [2009] NSWLEC 96 Boland v Yates Property Corp Pty Ltd (1999) 167 ALR 575 Brell v Penrith City Council (1965) 11 LGRA 156 Carson v Minister for Environment and Planning (1990) 70 LGRA 215 Chino Pty Ltd v Transport Infrastructure Development Corporation [2006] NSWLEC 768,(2006) 153 LGERA 136 Commissioner of Succession Duties (South Australia) v Executor Trustee and Agency Co of South Australia Ltd (1947) 74 CLR 358 Cook, Saad, Raguz & Ors v Roads and Traffic Authority of New South Wales [2007] NSWLEC 136 De Ieso v Commissioner for Highways (1981) 27 SASR 248 Deputy Federal Commissioner of Taxation v Gold Estates of Australia (1903) Ltd (1934) 51 CLR 509 Estate Constructions of Australia Pty Ltd v Council of the City of Sydney [2007] NSWLEC 756 CASES CITED: Gosford Shire Council v Green (1980) 48 LGRA 201 Kenny & Good Pty Ltd v MGICA (1992) Ltd (1999) 199 CLR 413 Leichhardt Council v Roads & Traffic Authority of NSW [2006] NSWCA 353, (2006) 149 LGERA 439 McDonald v RTA NSW [2009] NSWLEC 105, (2009) 169 LGERA 352 Mir Bros Unit Constructions Pty Ltd v Roads & Traffic Authority (NSW) [2005] NSWLEC 467, and [2006] NSWCA 314 Raja Vyricherla Narayana Gajapatiraju v Revenue Divisional Officer, Vizagapatam [1939] AC 302 Roads and Traffic Authority (NSW) v Mosca (2006) 146 LGERA 335 Roads and Traffic Authority (NSW) v Collex Pty Ltd [2009] NSWCA 101; 165 LGERA 419 Spencer v The Commonwealth (1907) 5 CLR 418 Sydney Water Corporation v Caruso [2009] NSWCA 391, (2009) 170 LGERA 298 Trust Company of Australia Ltd v Valuer General [2007] NSWCA 181; (2007) 154 LGERA 437 Turner v Minister of Public Instruction (1956) 95 CLR 245 Walker Corporation Pty Ltd v Sydney Harbour Foreshore Authority [2008] HCA 5; (2008) 233 CLR 259 Willoughby City Council v Transport Infrastructure Development Corporation (No.2) [2008] NSWLEC 238 Yates Property Corporation Pty Ltd (in liq) v Darling Harbour Authority (1991) 24 NSWLR 156