127Planning compensation

127 Planning compensation (1) Despite anything to the contrary in Part 5 of the **Planning and Environment Act 1987** or in a planning scheme or amendment under that Act, that Part applies as if— (a) the Project area had been reserved for a public purpose under a planning scheme; and (b) the Authority was liable to pay any compensation under that Part that arises from that deemed reservation and no other planning authority, responsible authority, Minister or public authority was liable to pay compensation in respect of the Project area under that Part. (2) On the revocation of the reservation under this Act of any reserved project land, subsection (1) ceases to apply to that land. Division 2—Exemption from other statutory approvals