Sharsay Pty Ltd v Valuer-General [2013] NSWLEC 181

Land and Environment Court New South Wales

Medium Neutral Citation: Sharsay Pty Ltd v Valuer-General [2013] NSWLEC 181 Hearing dates: 1, 2, 3 July 2013, written submissions 11 July 2013 Decision date: 24 October 2013 Jurisdiction: Class 3 Before: Sheahan J and Cowell AC Decision: (1) The value of the applicants' land the subject of the present appeal is determined at $4,000,000. (2) All exhibits may be returned. (3) The question of costs is reserved. Catchwords: VALUATION OF LAND: objection is disallowed and appealed to the court - comparability of sales Legislation Cited: Valuation of Land Act 1916 Penrith Local Environmental Plan 2010 Penrith Development Control Plan 2010 Cases Cited: Fiuggi Holdings Pty Ltd and Actively Zoned Pty Ltd v Lamrock's Legal Pty Ltd t/as Lamrock's Solicitors and Attorneys [2012] NSWSC 1388 Goold v Commonwealth (1993) 79 LGERA 407 Marroun v Roads & Maritime Services [2012] NSWLEC 199 McDonald v Deputy Federal Commissioner of Land Tax (NSW) (1915) 20 CLR 231 Texts Cited: Alan Hyam, "The Law affecting Valuation of Land in Australia", 4th edn Category: Principal judgment Parties: Sharsay Pty Ltd and Teravarn Pty Ltd (Applicants) Valuer-General (Respondent) Representation: Mr J E Robson, SC (Applicants) Mr M Hall, and Ms C Novak, barristers (Respondent) TressCox Lawyers (Applicants) Crown Solicitors Office (Respondent) File Number(s): 30742 of 2012