When people in Australia think of the phrase 'compulsory
acquisition', firstly they may think of the movie
"The Castle" and secondly, they hope that they will never
have to lose their "castle" to the Government for any
public purpose. The reality of compulsory acquisition is that it is
not only your castle that is at risk, but in many cases, it could
be your livelihood and your business.
Under section 37 of
the Land Acquisition (Just Terms Compensation) Act
1991 ("LAJTCA") it is
stated that:
"An owner of an interest in
land which is divested, extinguished or diminished by an
acquisition notice is entitled to be paid compensation in
accordance with this Part by the authority of the State which
acquired the land."
