Elizabeth & Associates Pty Limited, The Owners - Strata Plan No. 62661 & The Owners - Strata Plan No. 63595 -v- NSW Valuer General [2012] NSWLEC 1295

Land and Environment Court New South Wales

Medium Neutral Citation: Elizabeth & Associates Pty Limited, The Owners - Strata Plan No. 62661 & The Owners - Strata Plan No. 63595 -v- NSW Valuer General [2012] NSWLEC 1295 Hearing dates: 14-16 August 2012 Decision date: 23 October 2012 Jurisdiction: Class 3 Before: Miller AC Decision: (1)The land values first issued by the respondent are revoked. (2)The land values, as at 1 July 2009, under section 26A of the Act are determined at: Lots 22 & 23 $2,276,000 SP 62661$14,556,000 SP 63595$3,168,000. (3)The respondent is to amend the Register of Land Values to reflect the land values determined. The exhibits may be returned. Catchwords: Valuation of land, rental value, question of law Legislation Cited: Retail Leases Act 1994 Sydney Local Environmental Plan 2005 Valuation of Land Act 1916 (the Act) Cases Cited: Commonwealth Custodial Services Ltd as Trustee for The Burwood Trust Fund; Trust Company of Australia Ltd v Valuer General [2006] NSW LEC 400 (7 July 2006) Eureka Funds Management Ltd and anor v Freehills Services Pty Ltd [2008] VSCA 156 (26 August 2008) Hans Pet Constructions Pty Ltd v Cassar [2009] NSWCA 230 (31 July 2009 Morrison v Federal Commissioner of Land Tax [1914] HCA 10; (1914) 17 CLR 498 Trust Company of Australia Ltd v The Valuer General, [2007] NSWCA 181 (26 July 2007) Category: Principal judgment Parties: Elizabeth & Associates Pty Limited, The Owners - Strata Plan No. 62661 & The Owners - Strata Plan No. 63595 (Applicants)