Fivex Pty Ltd v Valuer-General [2014] NSWLEC 27

Land and Environment Court New South Wales

Medium Neutral Citation: Fivex Pty Ltd v Valuer-General [2014] NSWLEC 27 Hearing dates: 3, 4, 5 March 2014 Decision date: 28 March 2014 Jurisdiction: Class 3 Before: Craig J Decision: Orders as set out at [68] Catchwords: VALUATION OF LAND - land value - determination under s 6A(1) of Valuation of Land Act 1916 (NSW) - notional sale assumes highest and best use - present use accepted as highest and best use - use permissible with consent - assumptions identified in s 6A(2) of the Act not engaged - comparability of sales - nature of adjustments to be made Legislation Cited: Land and Environment Court Act 1979 (NSW) Valuation of Land Act 1916 (NSW) Woollahra Local Environmental Plan 1995 Cases Cited: Commonwealth Custodial Services Ltd v Valuer-General [2007] NSWCA 365; 156 LGERA 186 Federal Commissioner of Land Tax v Duncan [1915] HCA 12; 19 CLR 551 Spencer v Commonwealth [1907] HCA 82; 5 CLR 418 Ritchie v Valuer-General (1961) 21 LGRA 296; 92 WN (NSW) 960 Trust Company of Australia Limited v Valuer-General [2007] NSWCA 181; 154 LGERA 437 Wunderlich Ltd v Valuer-General (1959) 5 LGRA 50 Category: Principal judgment Parties: Fivex Pty Limited (Applicant) Valuer-General (Respondent) Representation: I J Hemmings SC with A Isaacs (Applicant) J E Robson SC with M R M Carpenter (Respondent) Susan Hill and Associates Lawyers (Applicant) I V Knight, Crown Solicitor (Respondent) File Number(s): 31101 of 2012 31102 of 2012 31103 of 2012