QM Properties Pty Ltd v The Crown

[1992] QLC 35

[1992] QLC 35

 

 

LAND COURT

BRISBANE

9 September 1992

Re:      In the matter of the determination of the compensation payable
           upon resumption by the Crown for School purposes under the
provisions of the Acquisition of Land Act 1967 of an area
           of 6.631 hectares being Lot 767 on Plan 842574, County of
           Stanley, Parish of Burpengary  (A91-100)

QM Properties Pty Ltd

v

The Crown

O R D E R

On the application in writing of the parties for orders by consent the Court makes the following orders:

1.The Crown shall pay the claimant, QM Properties Pty Ltd, the sum of one million and forty five thousand dollars ($1,045,000.00) in full satisfaction and discharge of all claims of the claimant ("the agreed sum").

2.The sum of four hundred and eighty seven thousand two hundred dollars ($487,200.00) having already been paid by the Crown and received by the claimant, the Crown shall pay to the claimant the balance of the agreed sum, five hundred and fifty seven thousand and eight hundred dollars ($557,800.00).

3.If the balance of the agreed sum is not paid by 1 October 1992, then interest at ten percent (10%) per annum on the balance of the agreed sum shall be calculated and payable by the Crown to the claimant from that date.

The Court makes no order as to costs.

Member of the Land Court.