University Assignment: Statutory Valuations Report on Land Acquisition

This report examines statutory valuations within the framework of land acquisition in New South Wales, Australia. It addresses the powers and requirements of different levels of government (State and Federal) regarding compulsory land acquisition. The report outlines the steps involved in compulsory acquisition in NSW, including the differences for Local Government, and identifies the basic elements of consideration in determining fair compensation. It further analyzes key valuation principles and relevant matters of compensation, referencing the NSW Land Acquisition (Just Terms Compensation) Act 1991 and specific case law such as Woollams v. Minister (1957) and Dangerfield v. Town of St. Peters (1972). The report also provides considerations for valuing land affected by easements and term leases, offering a comprehensive overview of the legal and valuation aspects of land acquisition.