Government Agencies (Land Acquisition Reporting) Amendment Regulation 2023 (No 1) (ACT)

Government Agencies (Land Acquisition Reporting) Amendment Regulation 2023 (No 1)

Subordinate Law SL2023-1

The Australian Capital Territory Executive makes the following regulation under the Government Agencies (Land Acquisition Reporting) Act 2018.

Dated 24 January 2023.

ANDREW BARR

Chief Minister

SHANE RATTENBURY

Minister

Government Agencies (Land Acquisition Reporting) Amendment Regulation 2023 (No 1)

Subordinate Law SL2023-1

made under the

Government Agencies (Land Acquisition Reporting) Act 2018

1. Name of regulation

   This regulation is the Government Agencies (Land Acquisition Reporting) Amendment Regulation 2023 (No 1).

2. Commencement

   This regulation commences on the day after its notification day.

   NoteThe naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).

3. Legislation amended

   This regulation amends the Government Agencies (Land Acquisition Reporting) Regulation 2019.

4. Section 4 (1)

   substitute

   (1)The following acquisitions are prescribed:

   (a)an acquisition of land under the buyback scheme;

   (b)an acquisition of land under the eligible impacted property buyback program.

5. Section 4 (2), definition of eligible impacted property

   omit

6. New sections 5 and 6

   insert

7. Development leases—Act, s 7 (2) (b)

   (1)An acquisition of land that happens because of the surrender of a development lease is prescribed if—

   (a)the lease is surrendered on or after 1 January 2019; and

   (b)no compensation is payable by the Territory for the surrender of the lease.

   (2)In this section:

   development lease means a territory lease that permits the lessee to use land the subject of the lease for the purpose of carrying out works and constructing buildings in accordance with the requirements of a deed of agreement annexed to the lease.

   NoteTerritory lease—see the Legislation Act, dictionary, pt 1.

8. Tainted property—Act, s 7 (2) (b)

   An acquisition of land is prescribed if the acquisition—

   (a)happens because of a forfeiture of tainted property to the Territory under the Confiscation of Criminal Assets Act 2003, part 5 (Forfeiture of property); and

   (b)is made on or after 1 January 2019.

Endnotes

1. Notification

   Notified under the Legislation Act on 2 February 2023.

2. Republications of amended laws

   For the latest republication of amended laws, see align="center">© Australian Capital Territory 2023