96Entitlement to compensation—pre‑acquisition declaration or section 24 certificate made but acquisition not proceeded with

#### 96 Entitlement to compensation—pre‑acquisition declaration or section 24 certificate made but acquisition not proceeded with (1) Where: (a) a pre‑acquisition declaration is revoked or ceases to have effect because of subsection 44(2) or 46(3); (b) a person who, when the declaration was in force, was an owner of an interest affected by the declaration, suffers loss as a direct, natural and reasonable consequence of the making of the declaration; and (c) either: (i) within 3 years after the declaration is revoked or ceases to have effect, the person claims compensation in accordance with section 97 in respect of the loss; or (ii) the Minister makes an offer of compensation to the person under subsection 101A(2) in respect of the loss; the Commonwealth is liable to pay to the person as compensation such amount as will justly compensate him or her for the loss. (2) Where: (a) a certificate under section 24 is revoked or ceases to have effect because of subsection 46(3); (b) a person who, when the certificate was in force, was a person affected by the certificate, suffers loss as a direct, natural and reasonable consequence of the giving of the certificate; and (c) either: (i) within 3 years after the certificate is revoked or ceases to have effect, the person claims compensation in accordance with section 97 in respect of the loss; or (ii) the Minister makes an offer of compensation to the person under subsection 101A(3) in respect of the loss; the Commonwealth is liable to pay to the person as compensation such amount as will justly compensate him or her for the loss.