AMP LIFE LTD and VALUER GENERAL [2007] WASAT 257
| STATE ADMINISTRATIVE TRIBUNAL | Citation No: | [2007] WASAT 257 | |
| VALUATION OF LAND ACT 1978 (WA) | |||
| Case No: | DR:322/2005 | 6, 7, 8, 9, 10 NOVEMBER 2006 AND 14 DECEMBER 2006 | |
| Coram: | JUSTICE M L BARKER (PRESIDENT) MR J JORDAN (MEMBER) MR R J PRIEST (SENIOR SESSIONAL MEMBER) | 10/10/07 | |
| 51 | Judgment Part: | 1 of 1 | |
| Result: | Unimproved land valuations affirmed Application dismissed | ||
| A | |||
| PDF Version |
| Parties: | AMP LIFE LTD VALUER GENERAL |
Catchwords: | Valuation of land Site in Perth central business district "Unimproved value" Comparable sales approach Challenge to methodology and assumptions of Valuer General Concept of "standard inside lot" |
Legislation: | City of Perth City Planning Scheme No 1, cl 48, cl 137, cl 138 City of Perth City Planning Scheme No 2, cl 33 City of Perth Town Planning Scheme No 16, cl 8, cl 12, cl 15 State Administrative Tribunal Act 2004 (WA), s 27(2) Town Planning and Development Act 1928 (WA) Valuation of Land Act 1978 (WA), s 4(1) |
Case References: | Boland v Yates Property Corporation Pty Ltd (1999) 167 ALR 575 Clive Elliot Jennings & Co Pty Ltd v Western Australian Planning Commission [2002] WASCA 276; (2002) 122 LGERA 433 Duffy v The Minister for Planning [2003] WASCA 294 Luton v Valuer-General [1971] 1 NSWLR 280 Makita (Australia) Pty Ltd v Sprowles (2001) 52 NSWLR 705 Mt Lawley Pty Ltd v Western Australian Planning Commission [2005] WASAT 57 Port Macquarie West Bowling Club Ltd v The Minister [1972] 2 NSWLR 63 Royal Sydney Golf Club v Federal Commissioner of Taxation (1955) 91 CLR 610 Sandhurst Trustees Ltd v Roads and Traffic Authority of NSW [2006] NSWLEC 243 Spencer v The Commonwealth (1907) 5 CLR 418 St Martins' Centre Pty Ltd v Valuer General (2003) 30 SR (WA) 218 Wattle Park Pty Ltd v Commissioner of Highways (1973) 6 SASR 69 Weld Club Trustees and Valuer General [2007] WASAT 256 Western Australian Planning Commission v Arcus Shopfitters Pty Ltd [2003] WASCA 295 |
Orders | 1. The valuations and land value assessments of the Valuer General be reviewed and reduced as follows:,(1) 1 August 1999 from $27,000,000 to $23,400,000;,(2) 1 August 2000 from $22,000,000 to $17,000,000; and,(3) 1 August 2003 from $22,000,000 to $17,000,000.,The Tribunal will hear from the parties as to the terms of the final orders to be made in light of these reasons. |
JURISDICTION : STATE ADMINISTRATIVE TRIBUNAL STREAM : DEVELOPMENT & RESOURCES ACT : VALUATION OF LAND ACT 1978 (WA) CITATION : AMP LIFE LTD and VALUER GENERAL [2007] WASAT 257 MEMBER : JUSTICE M L BARKER (PRESIDENT)
- MR J JORDAN (MEMBER)
MR R J PRIEST (SENIOR SESSIONAL MEMBER)
- Applicant
AND
VALUER GENERAL
Respondent
Catchwords:
Valuation of land Site in Perth central…
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- [2007] WASAT 257
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CaseChat Overview and Summary
The legal issues before the court were whether the Valuer General's methodology and assumptions were appropriate and whether the "standard inside lot" concept was correctly applied. AMP Life Limited argued that the Valuer General's approach was flawed and resulted in an overvaluation of the land. The court had to determine if the methodology and assumptions used were reasonable and if the concept of a "standard inside lot" was appropriately applied to the circumstances of this particular piece of land.
In reaching its decision, the court examined the Valuer General's methodology and assumptions closely. It found that the Valuer General's approach to determining the "unimproved value" of the land and the application of the "standard inside lot" concept were not suitable for the specific circumstances of this property. The court concluded that the Valuer General's valuation was overstated and ordered a reduction in the assessed land value. The court's decision led to a significant reduction in the valuations for the land on specified dates, with the final orders to be determined based on further input from the parties involved.
Orders
Orders of the court
1. The valuations and land value assessments of the Valuer General be reviewed and reduced as follows: (1) 1 August 1999 * from $27,000,000 to $23,400,000; (2) 1 August 2000 * from $22,000,000 to $17,000,000; and (3) 1 August 2003 * from $22,000,000 to $17,000,000. The Tribunal will hear from the parties as to the terms of the final orders to be made in light of these reasons.
Background
Background to the litigation
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Evidence
Evidence Before The Court
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Decision
Reasons for decision
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Ratio Decidendi
Legal Principle Established
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