CTHIn ForceAct
Superannuation (Unclaimed Money and Lost Members) Act 1999
24MCompensation for acquisition of property
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#### 24M Compensation for acquisition of property
(1) If the operation of this Part would result in an acquisition of property from a person otherwise than on just terms, the Commonwealth is liable to pay a reasonable amount of compensation to the person.
(2) If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in a court of competent jurisdiction for the recovery from the Commonwealth of such reasonable amount of compensation as the court determines.
(3) In this section:
> acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.
> just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.