Australia, June 20 -- New South Wales Land and Environment Court issued text of the following judgement on May 19:
1. COMMISSIONER: The First and Second Applicants (the Applicants) appeal the Valuer General's Determination dated 13 August 2024 pursuant to s 37(1) of the Valuation of Land Act 1916 (Valuation Act) in respect of the valuation of the land value of the property legally described as Lot 102 in Deposited Plan 1076397, 40 Mount Street, North Sydney NSW 2060 (Land).
1) The proceedings fall within Class 3 of the Court's jurisdiction pursuant to s 19(b) of the Land and Environment Court Act 1979 (LEC Act).
2) The statutory power or function to be exercised in determining the proceedings are s 34(3)(a) of the LEC Act and s 40(1)(b) ...