NEW SOUTH WALES COURT ISSUES JUDGEMENT FOR LENDLEASE (GOLDFIELDS RESIDENTIAL), ET AL. V/S VALUER GENERAL OF NEW SOUTH WALES CASE

Australia, March 11 -- New South Wales Land and Environment Court issued text of the following judgement on Feb. 11:

1. COMMISSIONER: The applicants appeal the Valuer General's Determinations dated 14 March 2024 pursuant to s 37(1) of the Valuation of Land Act 1916 (Valuation Act) in respect of the valuations of the land value of the property legally described as Lot 8 in Deposited Plan 1224258 (Original 2022 Valuation) and Lots 1, 2, 3 and 4 in Deposited Plan 1290500 known as 1 Alfred Street, Sydney NSW 2000 (First Supplementary 2022 Valuation).

2. 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).

3. The statutory power or function to be exercised in...