Queensland LAND ACQUISITION AMENDMENT BILL 2003 Queensland LAND ACQUISITION AMENDMENT BILL 2003 TABLE OF PROVISIONS Section Page 1 Short title. 2... eee eens 4 Act amended ...... 0... 00. ec cee eens Amendment of s 7 (Notice of intention to take land) .................. WN & RK Amendment of s 20 (Assessment of compensation)................... A BILL FOR An Act to amend the Acquisition of Land Act 1967 Clause Clause Clause Clause sl 4 s4 Land Acquisition Amendment Bill 2003 The Parliament of Queensland enacts— 1 Short title This Act may be cited as the Land Acquisition Amendment Act 2003. 2 Act amended This Act amends the Acquisition of Land Act 1967. 3 Amendment of s 7 (Notice of intention to take land) (1) Section 7(2), after 'shall'— insert— ' , as soon as practicable after the constructing authority decides to resume the land,'. (2) Section 7(3)— insert— '(g) state the date by which the constructing authority needs the land for the purpose mentioned in paragraph (a).'. 4 Amendment of s 20 (Assessment of compensation) Section 20— insert— '(2A) In addition to the compensation assessed under subsection (2), compensation is also payable for— (a) any reduction in the value of the claimant's interest in the land that may have been caused by a public expectation that the land could be resumed; and (b) the value of the claimant's special knowledge of the particular parcel of land, that can not immediately transfer to another parcel of land including— (i) the water flow over the land; and Nn onan ad BW NF OC eomnrninann 22 24 s4 5 s4 Land Acquisition Amendment Bill 2003 ©) (d) () (f) (g) (ii) the carrying capacity of the land for crops or stock; and (iii) appropriate cropping and management systems for the land; and the personal cost to the claimant of moving from the land; and the financial cost to the claimant of finding and purchasing a replacement parcel of land including, for example, outlays on legal fees and stamp duty; and the claimant's relocation costs including the cost of relocating stock, machinery and household effects; and the reasonable cost of independent valuation and legal advice incurred by the claimant in relation to the notice of intention to resume; and any taxation liability incurred by the claimant in relation to the resumption and relocation, for example, capital gains tax.'. Com ND FP WN eRe NRO ellen' BW