19Acquisition of land

19 Acquisition of land

S. 19(1) amended by Nos 59/2003 s. 100(1), 10/2017 s. 33(9).

(1) For the purposes of this Act, Development Victoria may acquire by agreement an interest in land on any terms (including consideration) that it considers appropriate.

S. 19(2) amended by Nos 59/2003 s. 100(2), 10/2017 s. 33(9).

(2) For the purposes of this Act, Development Victoria, with the Minister's approval, may acquire an interest in land by compulsory process.

(3) The Land Acquisition and Compensation Act 1986 applies to subsection (2) and for that purpose—

(a) subsection (2) is the special Act; and

S. 19(3)(b) amended by Nos 29/2011 s. 3(Sch. 1 item 29.2), 10/2017 s. 33(6).

(b) Development Victoria is the Authority.

S. 19(4) amended by No. 10/2017 s. 33(9).

(4) In determining the amount of compensation to be paid for the compulsory acquisition of land by Development Victoria, no allowance is to be made for the enhancement of the value of the land attributable to any action of Development Victoria.

S. 19A inserted by No. 59/2003 s. 101, amended by No. 10/2017 s. 33(7)(9).