Lands Acquisition Act 1994
95Payment of compensation into trust account
Start here
Get a plain-English read of 95
Turn the raw legal text into a practical explanation grounded in Lands Acquisition Act 1994.
95 Payment of compensation into trust account (a) compensation under this part is payable to a person in respect of loss suffered by the person; and (b) the amount of compensation payable to the person has been determined in accordance with division 7.3; and
Payment of compensation Division 7.4 (c) at the end of 3 months after the determination of the amount of compensation, the person has not, because of some default or delay on the part of the person, received payment of the (2) The Executive may pay the compensation into the trust account. (3) On payment of the compensation into the trust account, the compensation shall, for section 96, be taken to have been paid to the person. (4) Where the person rectifies the default or delay referred to in subsection (1), the Executive shall pay to the person, out of the trust account, an amount equal to the amount of compensation paid into the trust account.