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Compensation and Resumption Valuation

A resumption valuation or compensation property value is sought by government departments including the Department of Planning, the State Rail Authority or the Roads and Traffic Authority where the department needs to acquire or compulsory acquire land.

The acquisition of land is based on the The Land Acquisition Act 1991. Under the Land Acquisition (Just Terms Compensation) Act.

This Act provides the legislative basis for determining the amount of compensation to which a person is entitled in matters of land acquisition.

Under section 55 of the Act there are relevant matters to be considered in determining the amount of compensation.

These relevant matters are as follows:

Market Value
Special Value
Loss Attributable to Severance
Loss Attributable to Disturbance
Solatium