61Compensation

61 Compensation

(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.