72AAmount of compensation to be paid under section 72

1. The amount of compensation paid under section 72(1) must be determined as follows:

2. $35,000 must be paid to the owner of the land if the owner qualifies for compensation under section 72(1); and
3. a further $10,000 must be paid to the owner if—
   1. the Minister or local authority, as applicable, and the owner, within 6 months after the negotiation start date, execute an agreement for the sale and purchase of the land under section 17; and
   2. the agreement specifies a date on which vacant possession of the land, and all buildings and structures on the land, will be given to the notifying authority; and
4. a further $5,000 may be paid to the owner if the Minister (if the land is taken or acquired for a Government work) or local authority (if the land is taken or acquired for a local work) decides, in his, her, or its discretion, that—
   1. the personal circumstances of the owner warrant such a payment and compensation is not otherwise paid under this Act for this purpose; or
   2. the circumstances concerning the acquisition of the owner's principal place of residence warrant such a payment and compensation is not otherwise paid under this Act for this purpose.

5. In this section, negotiation start date means the earlier of the following:

6. the date on which the notifying authority notifies the owner of land in writing that it intends to acquire the land under section 17:
7. the date on which the notifying authority serves notice in relation to land in accordance with section 18(1)(a).

8. The amount of compensation determined under subsection (1) is subject to—

9. section 39AAK(2)(a) in relation to a person described in section 39AAK(1):
10. section 72F(10) in relation to a person described in section 72F(1) or (6).