Olefines Pty Ltd v Valuer-General of New South Wales [2018] NSWLEC 18

Land and Environment Court New South Wales

Medium Neutral Citation: Olefines Pty Ltd v Valuer-General of New South Wales [2018] NSWLEC 18 Hearing dates: 8-12 May 2017 Date of orders: 22 February 2018 Decision date: 22 February 2018 Jurisdiction: Class 3 Before: Molesworth AJ Decision: See orders at [154] Catchwords: VALUATION – land value – unimproved value of fee-simple – highest and best use – s 6A(2) of Valuation of Land Act 1916 – mandatory assumption as to existing use and improvements – whether entitlement to use land for particular heavy industry attracts premium or reduction compared to general industry land – whether regard to be had to costs of remediating contaminated land

WORDS AND PHRASES – "may continue to be used, for any purpose for which it was being used" – "such improvements may be continued" – Valuation of Land Act 1916, s 6A(2) Legislation Cited: Contaminated Land Management Act 1997, ss 13-16; Div 2 of Pt 3 Environmental Planning and Assessment Act 1979, s 107 Standard Instrument (Local Environmental Plans) Order 2006 State Environmental Planning Policy (Three Ports) 2013, cl 4; Pt 2 State Environmental Planning Policy No 33 – Hazardous and Offensive Development State Environmental Planning Policy No 55 – Remediation of Land Valuation of Land Act 1916, ss 6A, 14G, 14K, 34, 37, 40; Pt 4 Valuation of Land Act 1944 (Queensland), s 12(1A) Cases Cited: Ashleigh Developments Pty Ltd v Valuer General [2010] NSWLEC 1270 Challenger Listed Investments Limited v Valuer-General (No 2) [2015] NSWLEC 60 Commonwealth Custodial Services v Valuer-General (2007) 156 LGERA 186; [2007] NSWCA 365 Inghams Enterprises Pty Ltd v Kira Holdings Pty Ltd (1996) 90 LGERA 68 Kogarah Town Centre Pty Ltd v Valuer-General [2014] NSWLEC 1124 Logform Industries Pty Ltd v Chief Executive, Department of Lands (1994-1995) 15 QLCR 141 Maurici v Chief Commissioner of State Revenue (2003) 212 CLR 111; [2003] HCA 8 Minister for Planning v Rose Bay Marina (2003) 126 LGERA 181; [2003] NSWCA 119 Randwick Municipal Council v Valuer-General (1960) 5 LGRA 387 Spicer v Valuer-General (1963) 10 LGRA 319 Sydney Water Corporation v Marrickville Council [2014] NSWCA 438 Tomago Aluminium Company Pty Limited v Valuer General [2010] NSWLEC 4 Toohey's Ltd v Valuer-General (1924) 25 SR (NSW) 75 Valuer-General (NSW) v Commonwealth Custodial Services Ltd (2009) 74 NSWLR 700; [2009] NSWCA 143 Valuer-General v Fivex Pty Ltd (2015) 206 LGERA 450; [2015] NSWCA 53 Valuer-General v In Adam Pty Ltd (2012) 211 LGERA 75; [2012] NSWCA 20 Valuer-General v Oriental Bar Pty Ltd (2016) 217 LGERA 1; [2016] NSWCA 48 Wu v Valuer-General (No 2) [2013] NSWLEC 1160 Texts Cited: Alan Hyam, The Law Affecting Valuation of Land in Australia (5th ed 2014, The Federation Press) Category: Principal judgment Parties: Olefines Pty Ltd (Applicant) Valuer-General of New South Wales (Respondent) Representation: Counsel: Mr A Galasso SC with Mr L Waterson (Applicant) Ms S Duggan SC with Ms M Carpenter and Mr R White (Respondent)