56Claims for compensation

56 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 (2) A claim— (a) shall specify— (i) the interest of the person that has been acquired by (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 division 6.3, 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 (b) shall be given to the Executive. (3) A person who has made a claim may, by notice in writing given to the Executive, withdraw the claim. (4) Where a claim is withdrawn, this Act has effect as if the claim had never been made. (5) For this Act, a claim shall be taken to be made when it is given to the Executive. (6) The Executive must decide a claim within 42 days after the day the claim is made. (7) The claimant may agree in writing to an extension of the 42-day period before the end of the period.