Land Development Agency Act 2021

Determination of compensation

69. (1) The amount of compensation to be paid by the Agency for the land shall, in default of agreement, be fixed under and in accordance with the Act of 1919.

(2) Sections 63 and 69 to 79 of the Act of 1845 apply to the price and, subject to sections 70 and 72 , to the land acquired and for the purpose of the application of those sections a reference to the promoters of an undertaking shall be construed as a reference to the Agency.

(3) If the Agency exercises its power to enter and take possession under section 68 , the Agency is liable to pay compensation as if the provisions of the Act of 1845 relating to entry on land had been complied with and to pay interest upon that compensation, from the date of entry until the later of either of the matters referred to in paragraphs (a) and (b) of section 68 (1) occurring, at the rate applicable to compulsory purchase orders by local authorities in accordance with the provisions of the Act of 1966.