79Compulsory acquisition of access licences

#### 79 Compulsory acquisition of access licences 79 Compulsory acquisition of access licences > > (1) The Minister may, by notice in writing served on their holders, compulsorily acquire access licences if of the opinion that, in the special circumstances of the case, the public interest requires their compulsory acquisition. > > > (2) A person from whom an access licence is compulsorily acquired under subsection (1) is entitled to compensation from the State for the market value of the licence as at the time it was compulsorily acquired. > > > (3) The amount of compensation payable is to be determined by agreement between the Minister and the person entitled to compensation or, if agreement cannot be reached, is to be determined by the Valuer-General. > > > (4) A person who is dissatisfied with the amount of compensation offered to the person under this section, or with any delay in the payment of compensation, may appeal to the Land and Environment Court. > > > (5) The regulations may make provision for or with respect to the payment of compensation under this section. > > > (6) Nothing in this section prevents the Ministerial Corporation from acquiring an access licence by way of transfer. > > > (7) For the avoidance of doubt, it is declared that a reduction of the water entitlements and allocations under an access licence as a consequence of a variation in the mandatory conditions of the licence does not constitute the compulsory acquisition of an access licence or any part of an access licence.