New Property Acquisition Standards

November 1, 2019

DFSI (DCS) has produced revised Property Acquisition Standards, that apply to all acquiring authorities in NSW, including General Purpose and County Councils. These standards establish key requirements for all agencies that undertake acquisitions under the Land Acquisition (Just Terms Compensation) Act 1991, including increasing the consistency and transparency of the compulsory acquisition process across all acquiring authorities.

Councils must apply these standards when undertaking acquisitions under the Land Acquisition (Just Terms Compensation) Act 1991.

Council staff and consultants engaged by councils who are involved in the acquisition of land, should be made aware of these revised Property Acquisition Standards.

This means that Council staff and consultants undertaking the acquisition of land, should review their current processes to ensure they comply with the revised Property Acquisition Standards.

According to OLG Circular No 19-16 / 06 August 2019 / A653804, when making an application for approval to acquire land under the Land Acquisition (Just Terms Compensation) Act 1991, Council’s will need to be able to provide evidence they have complied with the revised Property Acquisition Standards, for acquisitions where the Standards apply.

How Centium can help

We can assist our Council clients (and in fact any other acquiring authority e.g. State Government) by reviewing and updating their current processes (including policies and procedures) to ensure they comply with the revised Property Acquisition Standards.

For more information, please reach out to our highly qualified Directors with specialist Local Government knowledge Penelope Corkill.

Our Clients

Top