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New Zealand law explained for everyone

Public Works Act 1981

Compensation - Additional compensation

72B: Definitions of terms used in sections 72C and 72D

You could also call this:

“Explaining important words used when the government needs your land”

In this part of the law, you’ll learn about some important words and what they mean. These words are used in other parts of the law about extra money people might get when the government needs to use their land.

‘Category value’ means the amount of money for each type of ownership in the land. For example, it could be the value of all the leases on the land.

‘Individual value’ is the share of the category value that one person gets. It depends on how much of that type of ownership they have in the land.

‘Land’ means all the land that the government or local council takes from someone for a public project.

‘Notification date’ is the day when people are told about the land being taken.

‘Qualifying owners’ are the people who can get extra money. The law explains who these people are in other sections.

‘Total land value’ is all the money that will be paid for the land, worked out using special rules in the law.

‘Vacant possession date’ is the day when the land, and everything on it, is given to the government or council.

These words help explain how the government figures out who gets extra money when they need to use someone’s land for public projects.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7237226.

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72A: Amount of compensation to be paid under section 72, or

"How much money you get if the government needs your land for a project"

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72C: Additional compensation for acquisition of notified land, or

"Extra money for people whose land is taken after being warned"

Part 5 Compensation
Additional compensation

72BDefinitions of terms used in sections 72C and 72D

  1. In this section and sections 72C and 72D, unless the context otherwise requires,—

    category value means the portion of total land value for each category of interest or estate in land (for example, for all leasehold interests in land)

      individual value means the portion of category value that is payable to a qualifying owner, determined by the percentage of the relevant category of interest or estate that is held by the owner in land

        land means all land that is acquired or taken from an owner under this Act by the Minister or a local authority for a particular notified public work

          notification date means the date on which land is notified

            qualifying owners means the owners of land who qualify for compensation under section 72C(1) and are not disqualified under section 72D(2)

              total land value means the total amount of compensation payable under this Act, as assessed in accordance with section 62, for land

                vacant possession date means the date on which vacant possession of land, and all buildings and structures on the land, is given to the notifying authority.

                Notes
                • Section 72B: inserted, on , by section 195 of the Resource Legislation Amendment Act 2017 (2017 No 15).