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What is Compulsory Acquisition?
Compulsory acquisition is a statutory process under the Land Acquisition (Just Terms Compensation) Act 1991. The Act sets out the process that Government must follow when it is necessary to acquire property using a compulsory process. The statutory process also provides the means for resolving disputes about the amount of compensation that is payable to you.
Claims can be made for tenants as well as owners of land.
A business that trades from a premise will usually also have a separate claim for compensation.
BNC Lawyers have acted in many compulsory acquisition cases and have consistently achieved far better outcomes and agreements than all initial offers. We have experience in projects such as Sydney Metro in the North where we acted for many commercial owners with businesses in the CBD, North Sydney and Crow’s Nest.
We acted for owners and tenants including for all the businesses in a shopping arcade in the Sydney CBD. We also acted for clients in Western Sydney for the upgrade of the Northern Road against the RMS. We have acted on the F6 project, Westconnex and the Beaches Link. Even in projects such as the Beaches Link that have not officially received the full Government approval, we have been able to bring forward acquisitions where owners sought to do so, and worked collectively, with 10 owners who were affected by the Beaches Link.
BNC Lawyers acted for 12 owners of homes in Randwick when Health Acquisition Authority acquired a total of 90 properties adjoining the Prince of Wales Hospital and had the largest number of clients than any other firm.We also act against Councils including Liverpool, Blacktown Council and Cumberland Council for residents who were having their homes acquired.
The difference in approach from BNC Lawyers is that we study your case for you on a day to day basis and you will be getting her experience and skill in ensuring you get the best outcome.
BNC Lawyers is committed to fighting for your rights and knows how to protect your interests.
10 guiding principles of property acquisition
1. The resident has a primary point of contact throughout, being your assigned Personal Manager, and is provided with support and assistance in navigating the acquisition process by being the central point of access to Government specialists involved in the process.
2. You are treated with respect and sensitivity at all times; your needs and those of your family are listened to and given consideration.
3. You are informed personally and promptly early in the process, from relocation to resettlement assistance where required and there is regular, timely engagement throughout the process through your assigned Personal Manager.
4. You are provided with all relevant information in a timely, easy to understand and transparent manner at all steps in the process with sequencing managed through your assigned Personal Manager.
5. The process allows you adequate time for consideration, negotiation, decision-making and relocation, without unduly delaying the project. The timelines and deadlines are clearly explained.
6. The valuation and acquisition process is fair, consistent and transparent based on ‘market value’ not reinstatement.
7. Clear reasons and explanations are given for financial calculations, offers and terms of settlement.
8. A full suite of support options and entitlements are unambiguous, easy to understand, simple to access and straightforward to administer.
9. Support options can be tailored to your individual needs within the bounds of the overall offer. 10. Record, manage and monitor your progress throughout the acquisition process to aid engagement at optimal times conducive to your need and our requirements.
2. You are treated with respect and sensitivity at all times; your needs and those of your family are listened to and given consideration.
3. You are informed personally and promptly early in the process, from relocation to resettlement assistance where required and there is regular, timely engagement throughout the process through your assigned Personal Manager.
4. You are provided with all relevant information in a timely, easy to understand and transparent manner at all steps in the process with sequencing managed through your assigned Personal Manager.
5. The process allows you adequate time for consideration, negotiation, decision-making and relocation, without unduly delaying the project. The timelines and deadlines are clearly explained.
6. The valuation and acquisition process is fair, consistent and transparent based on ‘market value’ not reinstatement.
7. Clear reasons and explanations are given for financial calculations, offers and terms of settlement.
8. A full suite of support options and entitlements are unambiguous, easy to understand, simple to access and straightforward to administer.
9. Support options can be tailored to your individual needs within the bounds of the overall offer. 10. Record, manage and monitor your progress throughout the acquisition process to aid engagement at optimal times conducive to your need and our requirements.