Foreign Acquisitions and Takeovers Act 1975
View history note
Hide history noteIf the operation of this Division would result in an acquisition of property from a person otherwise than on just terms, the Commonwealth is liable to pay a reasonable amount of compensation to the person.
Note: For the definitions of acquisition of property and just terms , see section 4.
115T(2)
If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in a court of competent jurisdiction for the recovery from the Commonwealth of such reasonable amount of compensation as the court determines.
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