Urban Taskforce Australia welcomes this public consultation on an important area of land ownership that has a marked impact on community sentiment surrounding land rights and the way development proponents perceive planning, legislative and sovereign risk.
This review offers an opportunity to correct some of the failings of the Land Acquisition (Just Terms Compensation) Act 1991 (the Act) that have manifest over time and have left many landowners, homeowners and many in the property development industry disadvantaged and frustrated.
Theme 1 – Genuine Negotiation
Developers require decisive decisions and time lags have a critical impact on project feasibility. At present, the compulsory acquisition process is rife with delays at almost every point in the journey. Every effort must be made to expedite each part of the process.
To read the full submission, click here.
