67Claims for compensation

67 Claims for compensation

(1) A person who considers that he or she is entitled to be paid compensation in accordance with this Part may make a claim for compensation. (2) A claim: (a) shall be in the form approved by the Minister for the purposes of this subsection; (b) shall specify: (i) the interest of the person that has been acquired by compulsory process; (ii) the amount of compensation the person claims in respect of the acquisition; and (iii) if the claim is in respect of the acquisition of a mortgage interest under a mortgage—the amounts that, for the purposes of Division 3, are the amounts of: (A) principal secured by the mortgage at the time of the acquisition of the interest; and (B) any interest, costs and charges due under the mortgage at that time; and (c) shall be given to the Minister. (3) A person who has made a claim may, by notice in writing given to the Minister, withdraw the claim. (4) Where a claim is withdrawn, this Act has effect as if the claim had never been made. (5) For the purposes of this Act, a claim shall be taken to be made when it is given to the Minister.