AMP Life Ltd and Valuer General

Link copied
Case Copied 80 min read

AMP LIFE LTD and VALUER GENERAL [2007] WASAT 257



STATE ADMINISTRATIVE TRIBUNALCitation No:[2007] WASAT 257
VALUATION OF LAND ACT 1978 (WA)
Case No:DR:322/20056, 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
51Judgment 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)
HEARD : 6, 7, 8, 9, 10 NOVEMBER 2006 AND 14 DECEMBER 2006 DELIVERED : 10 OCTOBER 2007 FILE NO/S : DR 322 of 2005 BETWEEN : AMP LIFE LTD
    Applicant

    AND

    VALUER GENERAL
    Respondent

Catchwords:

Valuation of land ­ Site in Perth central…

CaseChat AU logo

Keep reading for free

Create a free CaseChat account to read AMP Life Ltd and Valuer General and more:

  • Read every judgment in full
  • Ask AI and get answers linked to paragraphs
  • See how each paragraph was cited in later cases
  • Download judgments as PDF or Word
Continue with Google

One click creates your free account or signs you in.

By continuing you agree to the Terms and Privacy Policy.

Details
Case
[2007] WASAT 257
Decision Date

CaseChat Overview and Summary

The case between AMP Life Limited and the Valuer General involved a dispute over the valuation of a specific piece of land situated in the central business district of Perth. The primary contention was the methodology and assumptions used by the Valuer General in determining the "unimproved value" of the land, which was essential for assessing its land value. AMP Life Limited contested the Valuer General's approach, specifically the "standard inside lot" concept used to estimate the land's value. This concept was crucial as it influenced the overall valuation of the property.

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

Full text does not contain this section.

Evidence

Evidence Before The Court

Full text does not contain this section.

Decision

Reasons for decision

Full text does not contain this section.

Ratio Decidendi

Legal Principle Established

Full text does not contain this section.