Part 3 Dealing with land held for public works
42ASolatium payment for loss of opportunity to purchase
Where—
- a recommendation made or deemed to have been made by the Waitangi Tribunal under section 8A of the Treaty of Waitangi Act 1975 for the return to Maori ownership of any land that is held for a public work takes effect as a final recommendation; or
- any provision of an Act of Parliament returns to Maori ownership any land that immediately before being so returned was held for a public work,—
Every person who makes an application to the Land Valuation Tribunal under subsection (1) shall, as soon as practicable after making that application, serve a copy of that application on the chief executive of the department within the meaning of section 2 of the Survey Act 1986.
Subject to subsection (4), the Land Valuation Tribunal shall, in assessing the amount of any solatium payment payable under this section, take into account—
- the fact that the person from whom the land was acquired was paid, at the time of acquisition, the then market price as agreed or assessed; and
- any other payments made to the person from whom the land was acquired; and
- the fact that the offer under section 40 or section 41 would, in most cases, have been an offer to sell the land at the current market value of the land as determined by a valuation carried out by a registered valuer; and
- the reasonable likelihood of the offeree being financially capable of accepting the offer; and
- the degree of attachment that the offeree has to the land, including, in particular, the degree of attachment that exists by reason of the offeree or members of the offeree's family or both having been associated with the land over a considerable period of time; and
- the likely market value of the opportunity to purchase the land.
No solatium payment payable under this section in respect of the loss of the opportunity to purchase any land shall exceed $20,000.
Notes
- Section 42A: inserted, on , by section 38 of the Waikato Raupatu Claims Settlement Act 1995 (1995 No 58).
- Section 42A(2): amended, on , by section 5 of the Survey Amendment Act 1996 (1996 No 55).