QLDIn ForceAct
Acquisition of Land Act 1967
sec.28Interest
Start here
Get a plain-English read of sec.28
Turn the raw legal text into a practical explanation grounded in Acquisition of Land Act 1967.
### sec.28 Interest
Subject to subsection (2) , in respect of the period or any part of the period commenced on and including the date on and from which any land is taken and ending on and including the day immediately preceding the date on which payment of compensation is made the Land Court or, upon appeal, the Land Appeal Court may order that interest be paid upon the amount of compensation determined by it.
Such interest shall be at such rate per centum per annum as the Land Court or, upon appeal, the Land Appeal Court, deeming reasonable, fixes by the order.
Interest so ordered to be paid shall be payable as if it were part of the compensation in question and shall be added to the amount thereof and be payable by the constructing authority accordingly.
Interest shall not be payable in respect of any amount of compensation advanced under section 23 .
(sec.28-ssec.1) Subject to subsection (2) , in respect of the period or any part of the period commenced on and including the date on and from which any land is taken and ending on and including the day immediately preceding the date on which payment of compensation is made the Land Court or, upon appeal, the Land Appeal Court may order that interest be paid upon the amount of compensation determined by it.
(sec.28-ssec.1A) Such interest shall be at such rate per centum per annum as the Land Court or, upon appeal, the Land Appeal Court, deeming reasonable, fixes by the order.
(sec.28-ssec.1B) Interest so ordered to be paid shall be payable as if it were part of the compensation in question and shall be added to the amount thereof and be payable by the constructing authority accordingly.
(sec.28-ssec.2) Interest shall not be payable in respect of any amount of compensation advanced under section 23 .