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Lands Acquisition Act 1978
62Prepayments
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62 Prepayments
(1) Upon the service on a person of an offer of compensation under
section 50(1)(a), unless an amount of compensation for the
person's interest has been paid into the Tribunal under
section 51(a), there shall be payable to that person out of moneys
appropriated for the purpose an amount of money equal to 90% of
the amount of compensation offered.
(2) If the amount of money paid under subsection (1) exceeds the
amount of compensation determined under this Act for the
acquisition of the interest of the person to whom the money was
paid, that person shall be liable to pay to the Territory as a debt
due, an amount of money equal to the difference between the
amount paid to him under subsection (1) and the amount of
compensation determined under this Act in respect of his interest.