Compensation For Compulsory Acquisition

Written By Peter Ferrier

Compulsory acquisition compensation assessments are a specialised field of valuation that requires a high level of expertise. A property valuer’s assessment can often be the difference between obtaining and missing out on fair compensation. We have successfully represented clients on a variety of projects across Victoria, New South Wales and Queensland, completing assessments in accordance with relevant legislation including the Land Acquisition (Just Terms Compensation) Act 1991, the Land Acquisition and Compensation Act 1986 (VIC) and the Acquisition of Land Act 1967.

Compensation disputes can often lead to intensive conference and court settings, where it is important that you have a valuer engaged who can articulate their position under cross-examination. Within Victorian, New South Wales and Queensland, the authority is liable to reimburse the owner for reasonable legal and valuation costs incurred as a result of the compulsory acquisition.

 
 
Peter Ferrier

Peter Ferrier AAPI MRICS SA Fin holds over 15 years’ experience in valuations and is regularly engaged for disputed litigation and compulsory acquisition matters. Peter holds expertise across all major asset classes and development feasibilities, having advised on several projects in excess $100 million.

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