(1) If, because of anything done under Division 2 in relation to any property that a person owns or has an interest in:
(a) the person suffers financial loss or damage; or
(b) an acquisition of the property otherwise than on just terms occurs (within the meaning of paragraph 51(xxxi) of the Constitution);
the Commonwealth must pay the person such reasonable amount of compensation:
(c) as they agree on; or
(d) failing agreement--as the Federal Court of Australia determines.
(2) Compensation payable under subsection ( 1) includes compensation for:
(a) temporary as well as permanent damage; and
(b) taking sand, soil, stone, gravel, timber, water and other things.