8Notices inviting lodgement of compensation claim

8 Notices inviting lodgement of compensation claim

(1)  Within one month after the day on which the completion of the Business Sale Agreement occurs, the Minister is to –

(a) advertise for the lodgement of claims for compensation by affected persons –

(i) at least twice in a newspaper published and circulating generally in Tasmania; and

(ii) at least twice in a newspaper circulating generally in Australia; and

(iii) at least once in a newspaper circulating generally in the United Kingdom; and

(b) notify, in writing, each person who may be an affected person, and who is known to the Minister, of his or her right to compensation under this Act.

(2)  Each advertisement and notice under subsection (1) is to –

(a) specify that a claim for compensation is to be –

(i) in writing; and

(ii) lodged with the Minister at the address stated; and

(b) specify the day by which a claim for compensation is to be lodged, being the last day of the period of 6 months referred to in section 7(2) ; and

(c) specify that, if a claim for compensation is not lodged by the day so specified, the entitlement to compensation is extinguished; and

(d) specify that the amount of compensation –

(i) is to be determined by agreement between the affected person and the Minister; or

(ii) if no such agreement can be reached, is to be determined as a disputed claim for compensation under the Land Acquisition Act 1993 .