67Compensation for acquisition of property

67 Compensation for acquisition of property

(1) If the operation of section 66 would result in an acquisition of property (within the meaning of paragraph 51(xxxi) of the Constitution) from a person other than the Commonwealth and otherwise than on just terms (within the meaning of that paragraph), the Commonwealth is liable to pay a reasonable amount of compensation to the person. (2) If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in: (a) the Federal Court of Australia; or (b) the Federal Circuit and Family Court of Australia (Division 2); or (c) a Supreme Court of a State or Territory; for the recovery from the Commonwealth of such reasonable amount of compensation as the court determines.