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

Australia, Feb. 26 -- New South Wales Land and Environment Court issued text of the following judgement on Jan. 29:

1. COMMISSIONER: The applicant appeals the Valuer General's Determinations dated 11 April 2024 and 27 May 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 Lots 1 in Deposited Plan 1290500 known as 1 Alfred Street, Sydney NSW 2000 (Subject 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) of the ...