AMP Capital Investors Limited and Anor v Transport Infrastructure Development Corporation (No 2)

[2007] NSWLEC 465

Land and Environment Court

of New South Wales

CITATION:

AMP Capital Investors Limited and Anor v Transport Infrastructure Development Corporation (No 2) [2007] NSWLEC 465

PARTIES:

APPLICANTS
AMP Capital Investors Limited
AMP Macquarie Pty Limited
RESPONDENT
Transport Infrastructure Development Corporation

FILE NUMBER(S):

30966 of 2003

CORAM:

Pain J

KEY ISSUES:

Compulsory Acquisition of Land :- final orders made

CASES CITED:

AMP Capital Investors Limited and Anor v Transport Infrastructure Development Corporation [2007] NSWLEC 397

 
DATE OF JUDGMENT: 

30 July 2007

LEGAL REPRESENTATIVES:

APPLICANTS
Mr M Craig QC with Mr A Galasso
SOLICITORS
Mallesons Stephen Jaques

RESPONDENT
Mr T Hale SC with Mr J Maston
SOLICITORS
Australian Government Solicitor

JUDGMENT:

THE LAND AND
ENVIRONMENT COURT
OF NEW SOUTH WALES

Pain J

30 July 2007

30966 of 2003 AMP Capital Investors Limited and Anor v Transport Infrastructure Development Corporation (No 2)

JUDGMENT

1 Her Honour: I handed down my decision in AMP Capital Investors Limited and Anor v Transport Infrastructure Development Corporation [2007] NSWLEC 397 on 2 July 2007 in which I determined an approximate amount for market value only. I asked the parties to confer and agree on an amount for market value which has now been done. The agreed figure is $1,115,000. For the reasons stated in my earlier judgment no compensation is payable to AMP.

2 I therefore issue final orders in this matter as follows:

1. The Court determines the amount of compensation to which the Applicant is entitled under Part 3 of the Land Acquisition (Just Terms Compensation) Act 1991 as nil.

2. Costs are reserved.

3. The exhibits are to be returned.