A paradigm shift in assessing compensation
Compensation remains one of the burning issues in most negotiations, however, it is time for the gas industry in general to take a paradigm shift in thinking in relation to compensation and the way it is dealt with.
Compensation has been assessed throughout Australia for many decades, for as long as infrastructure has been constructed within private property. No matter the type of infrastructure, or the jurisdiction in which it is built, the underlying principles and fundamentals remain constant – that is, the landholder or anyone having an interest in land, and therefore entitled to receive compensation, should not be worse off as a result of the scheme or the project. This principle applies in all cases, regardless of whether a strip of land is being acquired for a rail corridor, an easement for a high-voltage transmission powerline, or an interest in land to establish and develop a CSG field.