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ISPT Pty Ltd v Valuer General

ISPT Pty Ltd v Valuer General

Case [2009] NSWCA 31 23 March 2009

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New South Wales

Court of Appeal

CITATION: ISPT Pty Ltd v Valuer General [2009] NSWCA 31

HEARING DATE(S): 12 December 2008

JUDGMENT DATE:
23 March 2009

JUDGMENT OF: Allsop P at 1; Giles JA at 6; Campbell JA at 72

DECISION: Appeals dismissed with costs.

CATCHWORDS: Valuation of land - appeal against decision on a question of law - whether error in regard to comparable sales - finding sales not comparable did not involve question of law - whether "retail demographic evidence" wrongly rejected - sale found comparable subject to same demographic influences - no error in rejection - whether error in adjustment of comparable sale by not deducting "value of leases" - deduction of value of income stream from leases - or deduction of value of lease income for a letting-up period - former not required, latter did not involve a question of law.

LEGISLATION CITED: Land and Environment Court Act 1979, s 57(1)

CATEGORY: Principal judgment

CASES CITED: AMP Henderson Global Investors v Valuer General [2004] NSWCA 264; (2004) 134 LGERA 426;
B & L Linings Pty Ltd v Chief Commissioner of State Revenue [2008] NSWCA 187;
Deputy Commissioner of Taxation v Gold Estates of Australia (1903) Ltd (1934) 51 CLR 509;
Goode v Valuer-General (1979) 22 SASR 247;
Hope v Bathurst City Council (1980) 144 CLR 1;
Housing Commission of New South Wales v Tatmar Pastoral Co Pty Ltd (1983) 3 NSWLR 378;
Leichhardt Municipal Council v Seatainer Terminals Ltd (1981) LGRA 409;
Maurici v Chief Commissioner of State Revenue [2003] HCA 8; (2003) 212 CLR 111;
Melwood Units Pty Ltd v Commissioner of Main Roads (1979) AC 426;
Mir Bros Unit Constructions Pty Ltd v Roads & Traffic Authority of New South Wales [2006] NSWCA 314;
Roads and Traffic Authority v Mosca [2006] NSWCA 159; (2006) 146 LGERA 335;
Roads and Traffic Authority of New South Wales v Peak [2007] NSWCA 66;
Royal Sydney Golf Club v Federal Commissioner of Taxation (1957) 97 CLR 379;
Secretary of State for Foreign Affairs v Charlesworth Pilling & Co [1901] AC 373;
Spencer v The Commonwealth (1907) 5 CLR 418;
Tooheys, Ltd v The Valuer-General (1925) AC 439;
Yates Property Corporation Pty Ltd (in liq) v Darling Harbour Authority (1991) 24 NSWLR 156; (2006) LGERA 335;

PARTIES: ISPT Pty Ltd - Appellant in each matter
Valuer General - Respondent in each matter

FILE NUMBER(S): CA 40138/08; 40299/08

COUNSEL: J Griffiths SC & D Miller - Appellant in each matter
T Hale SC & J Maston - Respondent in each matter

SOLICITORS: Gadens Lawyers - Appellant in each matter
Crown Solicitors Office - Respondent in each matter

LOWER COURT JURISDICTION: Land & Environment Court

LOWER COURT FILE NUMBER(S): LEC 3018/06; LEC 30537/07

LOWER COURT JUDICIAL OFFICER: Lloyd J, Sheehan AC

LOWER COURT DATE OF DECISION: 28 February 2008

LOWER COURT MEDIUM NEUTRAL CITATION: ISPT Pty Limited v Valuer General [2008] NSWLEC 114

CA…

Grounds of appeal

[14] The appellant contends that the primary judge erred in finding that the respondent had discharged the onus of establishing the matters required under the relevant provision.

[15] It was submitted that his Honour failed to give adequate weight to the evidence of the second witness, and that the findings of fact were not reasonably open on the material before the Court.

[16] The respondent, for its part, submits that no error is disclosed, and that the conclusions reached were well within the range of outcomes available to the primary judge.

Consideration

[17] It is convenient to deal first with the question of construction, as the resolution of that issue informs the remaining grounds advanced by the appellant.

[18] For the reasons that follow, we are of the view that the appeal should be allowed in part and the matter remitted for further determination.

Continue reading ISPT Pty Ltd v Valuer General

Details

AGLC: ISPT Pty Ltd v Valuer General [2009] NSWCA 31
Case: [2009] NSWCA 31
Decision Date: 23 March 2009

CaseChat Overview and Summary

ISPT Pty Ltd appealed to the Court of Appeal of New South Wales against a decision of the Valuer General concerning the valuation of land. The core of the dispute revolved around whether the Valuer General had made errors of law in determining the value of the subject land, specifically in relation to the use and adjustment of comparable sales.

The Court of Appeal was required to determine three principal questions of law. First, whether the Valuer General erred in finding that certain sales were not comparable, and if so, whether this constituted a question of law. Second, whether the Valuer General wrongly rejected "retail demographic evidence" when assessing comparability. Third, whether the Valuer General erred in the adjustment of a comparable sale by failing to deduct the "value of leases" from its sale price.

Regarding the first issue, the Court held that a finding that sales were not comparable did not, in itself, involve a question of law. On the second issue, the Court found no error in the rejection of retail demographic evidence, as the comparable sale ultimately considered was found to be subject to the same demographic influences. Concerning the third issue, the Court clarified that the Valuer General was not required to deduct the "value of leases" but rather the value of the income stream from those leases, or alternatively, the value of lease income for a letting-up period. The Court concluded that the Valuer General's approach to this adjustment did not involve a question of law.

Consequently, the appeals were dismissed with costs.

Orders

Orders of the court

Appeals dismissed with costs.

Background

Background to the litigation

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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.

Citations

AGLC Citation

ISPT Pty Ltd v Valuer General [2009] NSWCA 31

Most Recent Citation

McDonald v Roads and Traffic Authority (NSW) [2009] NSWLEC 105

Cases citing this decision · 37 of 37 shown

The Eddie Arnott Corporation Pty Ltd v Sydney Metro (No 3)
[2025] NSWLEC 18 Para 25

…c Authority of New South Wales v Blacktown City Council [2007] NSWCA 20 at [6], [39], [47] and [48] (Spigelman CJ); ISPT Pty Ltd v Valuer General [2009] NSWCA 31 at [5] (Allsop P); Spencer v The Commonwealth (1907) 5 CLR 418; [1907] HCA 82.…
Ermis v Boutros
[2025] NSWLEC 5 Para 6

…While the appeal is confined to questions of law, it is not limited to errors of law, ISPT Pty Ltd v Valuer General (2009) 165 LGERA 25; [2009] NSWCA 31 [3] (Allsop P). The appeal ‘must identify a question of law explicitly or implicitly decided at first instance’, and ‘[t]hat question must also be sufficiently ma…
Kingshill Development No 1 Pty Ltd v Port Stephens Council
[2025] NSWLEC 1

…56A appeal. [8] An appeal under s 56A is “on a question of law” not limited, however, to “an error of law”: ISPT Pty Ltd v Valuer General [2009] NSWCA 31 (2009) 165 LGERA 25 at [3] per Allsop P. In the absence of any statutory indication of the weight to be given to various considerations, an allegation that insuf…
Lord v Broken Hill Cobalt Project Pty Ltd
[2024] NSWCA 305 Para 73

…) 74 NSWLR 481; [2008] NSWCA 187 at [70] (per Allsop P, Giles and Basten JJA agreeing); ISPT Pty Ltd v Valuer General (2009) 165 LGERA 25 at [3]; [2009] NSWCA 31 (per Allsop P); Dial A Dump Industries Pty Ltd v Roads and Maritime Services (2017) 94 NSWLR 554; [2017] NSWCA 73 at [6] (per Beazley P) and at [165] (pe…
Dibb v Transport for New South Wales
[2024] NSWCA 157 Para 23

…not reasonably possible or open on the evidence. A line of consistent authority, collected in this Court's reasons in ISPT Pty Ltd v Valuer General [2009] NSWCA 31; 165 LGERA 25 at [23]-[25] supports those propositions. [31] The position in respect of adjustments to comparable sales is the same. Almost every "comp…
Environment Protection Authority v Crush and Haul Pty Ltd
[2024] NSWLEC 15

…56A appeal. [8] An appeal under s 56A is “on a question of law” not limited, however, to “an error of law”: ISPT Pty Ltd v Valuer General [2009] NSWCA 31 (2009) 165 LGERA 25 at [3] per Allsop P. In the absence of any statutory indication of the weight to be given to various considerations, an allegation that insuf…
Black v Jeihooni (No 2)
[2024] NSWLEC 13

…56A appeal. [8] An appeal under s 56A is “on a question of law” not limited, however, to “an error of law”: ISPT Pty Ltd v Valuer General [2009] NSWCA 31; (2009) 165 LGERA 25 at [3] per Allsop P. In the absence of any statutory indication of the weight to be given to various considerations, an allegation that insu…
Kudrynski v Orange City Council
[2024] NSWCA 33 Para 40

…missioner of State Revenue (2008) 74 NSWLR 481; [2008] NSWCA 187 at [70] (Allsop P, Giles and Basten JJA agreeing); ISPT Pty Ltd v Valuer General [2009] NSWCA 31; (2009) 165 LGERA 25 at [3] (Allsop P); Dial A Dump Industries Pty Ltd v Roads and Maritime Services (2017) 94 NSWLR 554; [2017] NSWCA 73 at [6] (Beazley…
Keller and Keller v Blacktown City Council
[2023] NSWLEC 133 Para 28

…sed as to the appropriateness of the phrase “ perfectly acquainted” following cases such as Apokis at [36]-[48] and ISPT Pty Ltd v Valuer General [2009] NSWCA 31; (2009) 165 LGERA 25 at [4], and noting the need to focus on the statutory language of the Just Terms Act ( Walker Corporation Pty Ltd v Sydney Harbour F…
Mildred v Steinhauer
[2022] NSWLEC 88

…a s 56A appeal. 8 An appeal under s 56A is “on a question of law” not limited, however, to “an error of law”: ISPT Pty Ltd v Valuer General [2009] NSWCA 31 (2009) 165 LGERA 25 at [3] per Allsop P. In the absence of any statutory indication of the weight to be given to various considerations, an allegation that ins…
Georges River Council v S A F Group Pty Ltd
[2021] NSWLEC 151

…a s 56A appeal. 8 An appeal under s 56A is “on a question of law” not limited, however, to “an error of law”: ISPT Pty Ltd v Valuer General [2009] NSWCA 31 (2009) 165 LGERA 25 at [3] per Allsop P. In the absence of any statutory indication of the weight to be given to various considerations, an allegation that ins…
Trevor Allan McBride v MidCoast Council
[2021] NSWLEC 100 Para 31

…e of knowledge that can be attributed to the parties to the hypothetical transaction. This included cases such as ISPT Pty Ltd v Valuer General (NSW) [2009] NSWCA 31; (2009) 165 LGERA 25 at [4], where Allsop P recorded his doubt as to the aptness of the phrase “perfectly acquainted”, a sentiment reflected by Baste…
Sales v Transport for NSW (No 2)
[2021] NSWLEC 96 Para 25

…e of knowledge that can be attributed to the parties to the hypothetical transaction. This includes cases such as ISPT Pty Ltd v Valuer General (NSW) [2009] NSWCA 31; (2009) 165 LGERA 25 at [4], where Allsop P recorded his doubt as to the aptness of the phrase “perfectly acquainted”, a sentiment reflected by Baste…
Tasman Property Holdings Pty Ltd v Canterbury-Bankstown Council
[2020] NSWLEC 59

…a s 56A appeal. 8 An appeal under s 56A is “on a question of law” not limited, however, to “an error of law”: ISPT Pty Ltd v Valuer General [2009] NSWCA 31 (2009) 165 LGERA 25 at [3] per Allsop P. In the absence of any statutory indication of the weight to be given to various considerations, an allegation that ins…
Apokis v Transport for NSW
[2020] NSWCA 39

…247 Housing Commission of New South Wales v Falconer [1981] 1 NSWLR 547 ISPT Pty Ltd v Valuer General [2009] NSWCA 31; 165 LGERA 25 Liao v New South Wales [2014] NSWCA 71 Melino v Roads and Maritime Services (2018) 98 NSWLR 625; [2018] NSWCA 251 Mir Bros Unit Constructions Pty Ltd v Roads & Traffic Authority of Ne…
Blacktown City Council v Concato (No 4)
[2020] NSWSC 9 Para 47

…sis, adjustment and application of comparable sales give rise to an error of law, let alone a jurisdictional error: ISPT Pty Ltd v Valuer General [2009] NSWCA 31; 165 LGER 825 at [23]. And, fourthly, in any event, the error was not material as the contract valuer expressly states that other comparable sales materi…
Council of the City of Ryde v Azizi
[2019] NSWSC 1605

…Bosnjak Holdings Pty Ltd (No 3) (1998) 30 ACSR 20 ISPT Pty Ltd v Valuer General [2009] NSWCA 31 Health Administration Corporation v George D Angus Pty Ltd (2014) 88 NSWLR 752; [2014] NSWCA 352 Hossain v Minister for Immigration and Border Protection [2018] HCA 34; 92 ALJR 780 Hoy v Coffs Harbour City Council [2016…
Barkat v Roads and Maritime Services
[2019] NSWCA 240 Para 49

…er Corporation v Marrickville Council [2014] NSWCA 438 at [28]. 16. See Sydney Water Corporation at [30]. 17. See ISPT Pty Ltd v Valuer General (NSW) [2009] NSWCA 31; (2009) 165 LGERA 25 at [23] - [25]. 18. See Brewarrana Pty Ltd v Commissioner of Highways (No 2) (1973) 6 SASR 541; (1973) 32 LGRA 170 at 180.…
Melino v Roads and Maritime Services
[2018] NSWCA 251 Para 115

…e appellants submitted that this finding was “irrational, illogical and not reasonably open on the evidence”: ISPT Pty Ltd v Valuer General (NSW) [2009] NSWCA 31; (2009) 165 LGERA 25.…
Baron Corporation Pty Ltd v Wingecarribee Shire Council
[2018] NSWLEC 132

…56A appeal. [8] An appeal under s 56A is “on a question of law” not limited, however, to “an error of law”: ISPT Pty Ltd v Valuer General [2009] NSWCA 31 (2009) 165 LGERA 25 at [3] per Allsop P. In the absence of any statutory indication of the weight to be given to various considerations, an allegation that insuf…
Camden Council v Cranney
[2018] NSWLEC 127 Para 5

…In ISPT Pty Ltd v Valuer General [2009] NSWCA 31; (2009) 165 LGERA 25 (‘ ISPT ’), Allsop P (as his Honour then was) explained the concept of an “appeal on a question of law” at [3]:…
Woolworths Limited v Randwick City Council
[2017] NSWCA 179

…City Council (2016) 218 LGERA 411; [2016] NSWCA 257 ISPT Pty Ltd v Valuer General (2009) 165 LGERA 25; [2009] NSWCA 31 Kuru v State of New South Wales (2008) 236 CLR 1; [2008] HCA 26 Project Blue Sky Inc v Australian Broadcasting Authority (1998) 194 CLR 355; [1998] HCA 28 Royal Agricultural Society of New South…
Bligh Consulting Pty Ltd v Ausgrid
[2017] NSWCA 95 Para 8

…on has practical significance. 7. Roads & Traffic Authority of New South Wales v Peak [2007] NSWCA 66 at [139]; ISPT Pty Ltd v Valuer General [2009] NSWCA 31; 165 LGERA 25 at [3] (Allsop P).…
Dial a Dump Industries Pty Ltd v Roads and Maritime Services
[2017] NSWCA 73 Para 6

…vironment Court Act 1979 (NSW), s 57(1), the appeal is on a question of law. As was explained in ISPT Pty Ltd v Valuer General (2009) 165 LGERA 25; [2009] NSWCA 31, Allsop P (as his Honour then was) summarised the nature of an appeal on a question of law as follows, at [3]:…
Luxe Manly Pty Limited v Northern Beaches Council
[2016] NSWLEC 156

…1936) 55 CLR 499; [1936] HCA 40 Hoy v Coffs Harbour City Council [2015] NSWLEC 128 ISPT Pty Ltd v Valuer General (2009) 165 LGERA 25; [2009] NSWCA 31 Kioa v West (1985) 159 CLR 550; [1985] HCA 81 Kostas v HIA Insurance Services Pty Ltd (2010) 241 CLR 390; [2010] HCA 32 Lesnewski v Mosman Municipal Council (2005) 1…
Hoy v Coffs Harbour City Council
[2016] NSWCA 257 Para 14

…rimary judge and any appeal to this Court is limited to an appeal against an order or decision on a question of law. In ISPT Pty Ltd v Valuer-General [2009] NSWCA 31, Allsop P (as his Honour then was) summarised the nature of the process in the following terms:…
oOh! Media Assets Pty Ltd v The Council of the City of Sydney
[2016] NSWLEC 47

…Harbour City Council [2015] NSWLEC 128 Iramoo Flyer Pty Ltd v Berrigan Shire Council [2008] NSWLEC 255 ISPT Pty Ltd v Valuer General [2009] NSWCA 31; 165 LGERA 25 J R and E G Richards (NSW) Pty Ltd v Scone Shire Council (unreported) 20249 of 1994, 24 November 1995 Jojeni Investments Pty Ltd v Mosman Municipal Cou…
Hoy v Coffs Harbour City Council
[2015] NSWLEC 128 Para 8

…An appeal under s 56A is “on a question of law” not limited, however, to “an error of law”: ISPT Pty Ltd v Valuer General [2009] NSWCA 31 (2009) 165 LGERA 25 at [3] per Allsop P. In the absence of any statutory indication of the weight to be given to various considerations, an allegation that insufficient weight w…
Sydney Water Corporation v Marrickville Council
[2014] NSWCA 438 Para 1

…s not reasonably possible or open on the evidence. A line of consistent authority, collected in this Court's reasons in ISPT Pty Ltd v Valuer General [2009] NSWCA 31; 165 LGERA 25 at [23]-[25] supports those propositions.…
Site Plus Pty Ltd v Wollongong City Council
[2014] NSWLEC 125 Para 1

…10] NSWCA 239 at [10]). It is the decision of the Commissioner and not the appeal that must be "on a question of law" ( ISPT Pty Ltd v Valuer-General [2009] NSWCA 31; 165 LGERA 25 at [3]; Director-General, Department of Ageing, Disability and Home Care v Lambert [2009] NSWCA 102; 74 NSWLR 523 at [59]). So understo…
Valuer-General v Perilya Broken Hill Ltd
[2013] NSWCA 265 Para 10

…thority (1991) 24 NSWLR 156 at 177; Roads and Traffic Authority v Mosca [2006] NSWCA 159; (2006) 146 LGERA 335 at [22]; ISPT Pty Ltd v Valuer General [2009] NSWCA 31; (2009) 165 LGERA 25 at [52], but here both the payments and the receipts are plainly material.…
McKay v Commissioner of Main Roads
[2013] WASCA 135 Para 2

…ch for comparable sales is not to be distorted by any perceived need for a minimum number of comparable sales [2222]; ISPT Pty Ltd v Valuer General [2009] NSWCA 31; (2009) 165 LGERA 25 [27].…
SNF (Australia) Pty Ltd v Commissioner of Taxation
[2010] FCA 635 Para 30

…ng and Assessment Act 1979 (2001) 113 LGERA 439 per Stein JA (with whom Powell JA and Ipp AJA agreed) at [46] and ISPT Pty Ltd v Valuer General (NSW) [2009] NSWCA 31 at [23].…
Trustees of the Roman Catholic Church for the Diocese of Maitland-Newcastle v Manolis
[2010] NSWWCCPD 59 Para 1

…In light of the authorities of Tan v National Australia Bank Ltd [2008] NSWCA 198; (2008) 6 DDCR 363 (‘ Tan ’) and Sapina v Coles Myer Limited [2009] NSWCA 31; (2009) 7 DDCR 54 (‘ Sapina ’), and given that I did not see or hear Ms Manolis give evidence, I am constrained to approach the Arbitrator’s findings “in a…
Trustees of the Order of Sisters of St Paul de Chartres v Kearney
[2009] NSWWCCPD 131 Para 1

…unciated by Basten JA in Tan v National Australia Bank Ltd [2008] NSWCA 198 (‘ Tan ’) and by Allsop P and Hoeben J in Sapina v Coles Myer Limited [2009] NSWCA 31 (‘ Sapina ’). Reliance is placed on the following statement by Basten JA in Tan (at [12]):…
McDonald v Roads and Traffic Authority (NSW)
[2009] NSWLEC 105

…orton v Wyong Shire Council (No 2) [2005] NSWLEC 45 Housing Commission of New South Wales v Falconer (1981) 1 NSWLR 547 ISPT Pty Ltd v Valuer General [2009] NSWCA 31 Leichhardt Council v Roads and Traffic Authority (NSW) [2006] NSWCA 353, (2006) 149 LGERA 439 Malec v JC Hutton Pty Ltd [1990] HCA 20, (1990) 169 CLR…
Director-General, Department of Ageing, Disability and Home Care v Lambert
[2009] NSWCA 102

…v King (1993) 31 NSWLR 654 Hutchinson v Roads and Traffic Authority [2000] NSWCA 332 ISPT Pty Ltd v Valuer General [2009] NSWCA 31 Knight v FP Special Assets Pty Ltd [1992] HCA 28; 174 CLR 178 Krew v Commissioner of Taxation (1971) 45 ALJR 324 Mahenthirarasa v State Rail Authority of NSW (No 2) [2008] NSWCA 201 M…

View all 37 citing cases →

Cases cited in this decision · 18 of 18 shown

Western Australia v Brown
[2014] HCA 8

…) 97 CLR 379; Secretary of State for Foreign Affairs v Charlesworth Pilling & Co [1901] AC 373; Spencer v The Commonwealth (1907) 5 CLR 418; Tooheys, Ltd v The Valuer-General (1925) AC 439; Yates Property Corporation Pty Ltd (in liq) v Darling Harbour Authority (1991) 24 NSWLR 156; (2006) LGERA 335; PARTIES: ISPT Pty Ltd - Appell…
B & L Linings Pty Ltd v Chief Commissioner of State Revenue
[2008] NSWCA 187

…: AMP Henderson Global Investors v Valuer General [2004] NSWCA 264; (2004) 134 LGERA 426; B & L Linings Pty Ltd v Chief Commissioner of State Revenue [2008] NSWCA 187; Deputy Commissioner of Taxation v Gold Estates of Australia (1903) Ltd (1934) 51 CLR 509; Goode v Valuer-General (1979) 22 SASR 247; Hope v Bathurst…
ISPT Pty Limited v Valuer General
[2008] NSWLEC 114

…AL OFFICER: Lloyd J, Sheehan AC LOWER COURT DATE OF DECISION: 28 February 2008 LOWER COURT MEDIUM NEUTRAL CITATION: ISPT Pty Limited v Valuer General [2008] NSWLEC 114…
Roads & Traffic Authority of New South Wales v Peak
[2007] NSWCA 66

…s [2006] NSWCA 314; Roads and Traffic Authority v Mosca [2006] NSWCA 159; (2006) 146 LGERA 335; Roads and Traffic Authority of New South Wales v Peak [2007] NSWCA 66; Royal Sydney Golf Club v Federal Commissioner of Taxation (1957) 97 CLR 379; Secretary of State for Foreign Affairs v Charlesworth Pilling & Co [190…
Mir Bros Unit Constructions Pty Ltd v Roads & Traffic Authority of New South Wales
[2006] NSWCA 314

…Melwood Units Pty Ltd v Commissioner of Main Roads (1979) AC 426; Mir Bros Unit Constructions Pty Ltd v Roads & Traffic Authority of New South Wales [2006] NSWCA 314; Roads and Traffic Authority v Mosca [2006] NSWCA 159; (2006) 146 LGERA 335; Roads and Traffic Authority of New South Wales v Peak [2007] NSWCA 66; R…
Roads and Traffic Authority of New South Wales v Mosca
[2006] NSWCA 159

…979) AC 426; Mir Bros Unit Constructions Pty Ltd v Roads & Traffic Authority of New South Wales [2006] NSWCA 314; Roads and Traffic Authority v Mosca [2006] NSWCA 159; (2006) 146 LGERA 335; Roads and Traffic Authority of New South Wales v Peak [2007] NSWCA 66; Royal Sydney Golf Club v Federal Commissioner of Taxati…
AMP Henderson Global Investors v Valuer-General
[2004] NSWCA 264

…SLATION CITED: Land and Environment Court Act 1979, s 57(1) CATEGORY: Principal judgment CASES CITED: AMP Henderson Global Investors v Valuer General [2004] NSWCA 264; (2004) 134 LGERA 426; B & L Linings Pty Ltd v Chief Commissioner of State Revenue [2008] NSWCA 187; Deputy Commissioner of Taxation v Gold Estates o…
Maurici v Chief Commissioner of State Revenue
[2003] HCA 8

…Co Pty Ltd (1983) 3 NSWLR 378; Leichhardt Municipal Council v Seatainer Terminals Ltd (1981) LGRA 409; Maurici v Chief Commissioner of State Revenue [2003] HCA 8; (2003) 212 CLR 111; Melwood Units Pty Ltd v Commissioner of Main Roads (1979) AC 426; Mir Bros Unit Constructions Pty Ltd v Roads & Traffic Authorit…
Maurici v Chief Commissioner of State Revenue
[2001] NSWCA 78

…3 The nature of this process was discussed at length in Maurici v Chief Commissioner of State Revenue [2001] NSWCA 78; 51 NSWLR 673 and B & L Linings Pty Ltd v Chief Commissioner of State Revenue [2008] NSWCA 187 at [57]-[79]. It is the “decision” not the “appeal” which must be on a question of law: B & L Linings…
Hope v Bathurst City Council
[1980] HCA 16

…ssioner of Taxation v Gold Estates of Australia (1903) Ltd (1934) 51 CLR 509; Goode v Valuer-General (1979) 22 SASR 247; Hope v Bathurst City Council (1980) 144 CLR 1; Housing Commission of New South Wales v Tatmar Pastoral Co Pty Ltd (1983) 3 NSWLR 378; Leichhardt Municipal Council v Seatainer Terminals Ltd (1981)…
Melwood Units Pty Ltd v Commissioner of Main Roads
[1978] HCA 28

…ichhardt Municipal Council v Seatainer Terminals Ltd (1981) LGRA 409; Maurici v Chief Commissioner of State Revenue [2003] HCA 8; (2003) 212 CLR 111; Melwood Units Pty Ltd v Commissioner of Main Roads (1979) AC 426; Mir Bros Unit Constructions Pty Ltd v Roads & Traffic Authority of New South Wales [2006] NSWCA 314; Roads and Traffic Authority v Mosca [200…
Royal Sydney Golf Club v Federal Commissioner of Taxation
[1957] HCA 31

…2006) 146 LGERA 335; Roads and Traffic Authority of New South Wales v Peak [2007] NSWCA 66; Royal Sydney Golf Club v Federal Commissioner of Taxation (1957) 97 CLR 379; Secretary of State for Foreign Affairs v Charlesworth Pilling & Co [1901] AC 373; Spencer v The Commonwealth (1907) 5 CLR 418; Tooheys, Ltd v The Va…
Deputy Federal Commissioner of Taxation v Gold Estates of Australia (1903) Ltd
[1934] HCA 41

…B & L Linings Pty Ltd v Chief Commissioner of State Revenue [2008] NSWCA 187; Deputy Commissioner of Taxation v Gold Estates of Australia (1903) Ltd (1934) 51 CLR 509; Goode v Valuer-General (1979) 22 SASR 247; Hope v Bathurst City Council (1980) 144 CLR 1; Housing Commission of New South Wales v Tatmar Pastoral Co…
Spencer v The Commonwealth
[1907] HCA 82

…missioner of Taxation (1957) 97 CLR 379; Secretary of State for Foreign Affairs v Charlesworth Pilling & Co [1901] AC 373; Spencer v The Commonwealth (1907) 5 CLR 418; Tooheys, Ltd v The Valuer-General (1925) AC 439; Yates Property Corporation Pty Ltd (in liq) v Darling Harbour Authority (1991) 24 NSWLR 156; (2006)…
[1901] AC 373
[1901] AC 373

…A 66; Royal Sydney Golf Club v Federal Commissioner of Taxation (1957) 97 CLR 379; Secretary of State for Foreign Affairs v Charlesworth Pilling & Co [1901] AC 373; Spencer v The Commonwealth (1907) 5 CLR 418; Tooheys, Ltd v The Valuer-General (1925) AC 439; Yates Property Corporation Pty Ltd (in liq) v Darling…
Melwood Units Ltd v Main Roads Cmr
(1979) AC 426

…d (1981) LGRA 409; Maurici v Chief Commissioner of State Revenue [2003] HCA 8; (2003) 212 CLR 111; Melwood Units Pty Ltd v Commissioner of Main Roads (1979) AC 426; Mir Bros Unit Constructions Pty Ltd v Roads & Traffic Authority of New South Wales [2006] NSWCA 314; Roads and Traffic Authority v Mosca [2006] NSWC…
Toohey's Ltd v The Valuer-General
(1925) AC 439

…f State for Foreign Affairs v Charlesworth Pilling & Co [1901] AC 373; Spencer v The Commonwealth (1907) 5 CLR 418; Tooheys, Ltd v The Valuer-General (1925) AC 439; Yates Property Corporation Pty Ltd (in liq) v Darling Harbour Authority (1991) 24 NSWLR 156; (2006) LGERA 335; PARTIES: ISPT Pty Ltd - Appellant in…
Mifsud v Campbell
(1991) 21 NSWLR 725

…mmonwealth (1907) 5 CLR 418; Tooheys, Ltd v The Valuer-General (1925) AC 439; Yates Property Corporation Pty Ltd (in liq) v Darling Harbour Authority (1991) 24 NSWLR 156; (2006) LGERA 335; PARTIES: ISPT Pty Ltd - Appellant in each matter Valuer General - Respondent in each matter FILE NUMBER(S): CA 40138/08; 40299/08…

Legislation cited in this decision · 2

Land and Environment Court Act 1979 (NSW)
57, 57(1) 2 mentions
Valuation of Land Act 1916 (NSW)
1 mention

CITATION:	ISPT Pty Ltd v Valuer General [2009] NSWCA 31
HEARING DATE(S):	12 December 2008
JUDGMENT DATE:	23 March 2009
JUDGMENT OF:	Allsop P at 1; Giles JA at 6; Campbell JA at 72
DECISION:	Appeals dismissed with costs.
CATCHWORDS:	Valuation of land - appeal against decision on a question of law - whether error in regard to comparable sales - finding sales not comparable did not involve question of law - whether "retail demographic evidence" wrongly rejected - sale found comparable subject to same demographic influences - no error in rejection - whether error in adjustment of comparable sale by not deducting "value of leases" - deduction of value of income stream from leases - or deduction of value of lease income for a letting-up period - former not required, latter did not involve a question of law.
LEGISLATION CITED:	Land and Environment Court Act 1979, s 57(1)
CATEGORY:	Principal judgment
CASES CITED:	AMP Henderson Global Investors v Valuer General [2004] NSWCA 264; (2004) 134 LGERA 426; B & L Linings Pty Ltd v Chief Commissioner of State Revenue [2008] NSWCA 187; Deputy Commissioner of Taxation v Gold Estates of Australia (1903) Ltd (1934) 51 CLR 509; Goode v Valuer-General (1979) 22 SASR 247; Hope v Bathurst City Council (1980) 144 CLR 1; Housing Commission of New South Wales v Tatmar Pastoral Co Pty Ltd (1983) 3 NSWLR 378; Leichhardt Municipal Council v Seatainer Terminals Ltd (1981) LGRA 409; Maurici v Chief Commissioner of State Revenue [2003] HCA 8; (2003) 212 CLR 111; Melwood Units Pty Ltd v Commissioner of Main Roads (1979) AC 426; Mir Bros Unit Constructions Pty Ltd v Roads & Traffic Authority of New South Wales [2006] NSWCA 314; Roads and Traffic Authority v Mosca [2006] NSWCA 159; (2006) 146 LGERA 335; Roads and Traffic Authority of New South Wales v Peak [2007] NSWCA 66; Royal Sydney Golf Club v Federal Commissioner of Taxation (1957) 97 CLR 379; Secretary of State for Foreign Affairs v Charlesworth Pilling & Co [1901] AC 373; Spencer v The Commonwealth (1907) 5 CLR 418; Tooheys, Ltd v The Valuer-General (1925) AC 439; Yates Property Corporation Pty Ltd (in liq) v Darling Harbour Authority (1991) 24 NSWLR 156; (2006) LGERA 335;
PARTIES:	ISPT Pty Ltd - Appellant in each matter Valuer General - Respondent in each matter
FILE NUMBER(S):	CA 40138/08; 40299/08
COUNSEL:	J Griffiths SC & D Miller - Appellant in each matter T Hale SC & J Maston - Respondent in each matter
SOLICITORS:	Gadens Lawyers - Appellant in each matter Crown Solicitors Office - Respondent in each matter
LOWER COURT JURISDICTION:	Land & Environment Court
LOWER COURT FILE NUMBER(S):	LEC 3018/06; LEC 30537/07
LOWER COURT JUDICIAL OFFICER:	Lloyd J, Sheehan AC
LOWER COURT DATE OF DECISION:	28 February 2008
LOWER COURT MEDIUM NEUTRAL CITATION:	ISPT Pty Limited v Valuer General [2008] NSWLEC 114