CROSS RIVER RAIL LINK - WHAT DO YOU NEED TO KNOW?
More cross-river links for motorists and public transport patrons are on the agenda for both the Brisbane City Council and the Queensland Government, which means many businesses and residents face the possibility of having their properties resumed.
Key on the Government’s agenda is a cross-river rail link, which will see new underground stations built on both sides of the river in inner-city Brisbane.
New stations are proposed for Woolloongabba, Roma Street, and Albert Street; linking Wooloowin in the northern suburbs to Yeerongpilly in the south of the city. With so many properties in these areas, home and business owners need to be prepared.
While commencement of the project may be many years away, the Queensland Government has already begun to take hardship applications as they prepare the transport corridor for construction.
Hardship applications can be made by people having problems paying the rent or installments on State land leased or licensed under the Land Act 1994. These problems can occur when construction or the threat of construction begins to affect property value or business profits.
Construction may cause disruption to businesses, and in addition, if your property is in the way of progress you may also find yourself facing resumption.
The Queensland Government, and a number of ‘constructing authorities’, have the legal right to resume land under the Acquisition of Land Act 1967, and the Land Act 1994.
After owners receive a Notice of Intention to Resume, they do have the right to object to the resumption, have the objection heard, and have the proposal considered by the Minister.
Owners also have the right to compensation for their property, the value of which will be largely determined by the strength of the current property market if you are a home-owner, or your profits if you are a business owner.
Whatever path owners choose to follow, it is strongly advised they do not attempt to go it alone – seeking legal advice on your rights and obligations as a business or home owner is imperative to ensuring hard-earned assets are protected.
To find out more about your rights or if you have any queries regarding how resumptions may affect you, please contact me (Pas Cece) directly at the Deacon Milani office on 07 3221 7750, or via email at email@example.com.