Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

LANDS ACQUISITION ACT 1989 - SECT 56

Meaning of market value

    For the purposes of this Division, the market value of an interest in land at a particular time is the amount that would have been paid for the interest if it had been sold at that time by a willing but not anxious seller to a willing but not anxious buyer.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback