59Compensation for acquired land

59 Compensation for acquired land (1) Subject to section 63, the interest of any person in land acquired under Division 1 of Part V is, at the date of acquisition, converted into a claim for compensation against the Territory. (1A) A person who has a claim for compensation under subsection (1) may lodge that claim under section 52(1). (2) In the absence of agreement, compensation that may be payable to a native title holder or a person who asserts to have had a native title right or interest (including a person who held or asserts to have members any compensation paid would be distributed but not including a registered native title body corporate on whom a copy of a notice of acquisition under section 49(1A)(a)(ii) has been served) is not determinable by the Tribunal until an approved determination of native title to the effect of any of the following has been made: of or the reasons for the determination that native title did exist immediately before the acquisition and was held by the Lands Acquisition Act 1978 42 section 59(2)(b) or (c) rather than the kind referred to in section 59(2)(d).