46Compensation for abandoned acquisition

46 Compensation for abandoned acquisition (1) Any person with an interest in land who has— (a) sustained any pecuniary loss; or (b) incurred any expense— as a direct, natural and reasonable consequence of the service of a notice of intention to acquire any interest in that land or of the Authority's refusal or failure to consent to the carrying out of improvements to the land or to the effecting or obtaining of any sales, transactions, licences or approvals in relation to the land may— (c) if the Authority has determined under section 15 not to proceed with the acquisition; or (d) if the interest is not acquired within the time prescribed by this Act— claim the amount of that loss or expense from the Authority. (2) A claim for compensation by any person under subsection (1) must only be made in respect of— (a) a loss sustained or expense incurred in the period between the date of service of the notice of intention to acquire and— (i) the date of service on that person of the statement under section 15; or (ii) the lapsing of the notice of intention to acquire— as the case may be; and (b) any expenses reasonably incurred in respect of the making of the claim. (3) A claim for compensation under subsection (1) must be made within two years after the date of service of the statement under section 15 or the date of lapsing of the notice of intention to acquire (as the case may be).