FAQs
Search Results
Compensation
Who determines the amount of compensation and how will I know if the compensation process is fair?
An independent valuer experienced in compensation will assess the value of compensation to be included in the Option for Easement proposal and paid for the acquisition of the easement, if the option is exercised by us. The valuer must hold the relevant qualifications and experience, and must make an impartial and true valuation. We will work with you to understand the impacts of the proposed transmission line easement on the use of your property, and the compensation offered in the Option for Easement will reflect these impacts.
The appointed independent project valuer will assess your property in accordance with valuation principles set out in the Land Acquisition and Compensation Act 1986 (Vic) and the Valuation of Land Act 1960 (Vic), as well as the valuer’s understanding of the impacts to your property.
We encourage you to seek independent advice from another qualified valuer. Valuers should complete their assessment in accordance with applicable legislative requirements and the Australian Property Institute’s Professional Practice regulations. Your valuer needs to be prepared to engage in discussions with us during any negotiations, and to support their valuation during any valuer’s conference with the appointed project valuer. You will need to provide a copy of the independent valuation from your valuer to us. The Landholder Professional Fees payment can be used to support this process.
More information on the statutory process is available on page 14 of the Landholder Guide: Option for Easement process and compensation.