New South Wales Consolidated Acts
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ROADS ACT 1993 - SECT 195
Payment of compensation money
195 Payment of compensation money
(1) As soon as practicable after compensation has been agreed or determined
under this Division, the Minister-- (a) must require the applicant to pay to
the Minister such part of the compensation so determined as is to be paid in
money, and
(b) must pay any such amount received from the applicant into a
trust account for payment to the persons entitled to the compensation, and
(c) must, on acquiring the land, pay the compensation to each person entitled
to compensation for the acquisition of the land.
(2) The compensation money
must be refunded to the applicant if the proposed acquisition is abandoned.
(3) Any money remaining in the trust account after 6 years from the date of
the acquisition of the land is to be paid to the Chief Commissioner of
Unclaimed Money for payment into the Consolidated Fund, there to be dealt with
as unclaimed money under the Unclaimed Money Act 1995 .
(4) The Minister is
relieved from further liability with respect to any amount paid into the
Consolidated Fund in accordance with subsection (3).
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