Australian Capital Territory Consolidated Acts

LANDS ACQUISITION ACT 1994 - SECT 97

    (1)     Where—

        (a)     an acquiring authority wishes to acquire an interest in land from a person by agreement; and

        (b)     but for this subsection, the person would not have the capacity or power to enter into or carry out such an agreement;

the person may, with the approval of the Supreme Court, enter into and carry out such an agreement.

    (2)     Where—

        (a)     an interest in land has been acquired from a person by compulsory process; and

        (b)     but for this subsection, the person would not have the capacity or power to do something in connection with compensation in respect of the acquisition;

the person may, with the approval of the Supreme Court, do the thing.

    (3)     Where, under subsection (1) or (2), the court gives its approval to a person entering into an agreement, or doing something in connection with compensation, amounts payable under the agreement, or by way of compensation, shall be—

        (a)     paid to a trustee appointed by the court, subject to such trusts as the court directs; or

        (b)     otherwise applied in accordance with the directions of the court.

    (4)     This section has effect despite any law, deed, will, memorandum or articles of association or other instrument.