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REGULATORY GUIDE 10Compulsory acquisitions and buyouts June 2013About this guide is for persons who are undertaking, or are subject to, a compulsory acquisition under Ch 6A of the Corporations Act
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Property owners facing government acquisition: Compulsory acquisitions and are most commonly required by individuals or businesses whose properties are being acquired by the government for public projects. This could include infrastructure development, urban planning, or public utilities expansion.
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Compulsory acquisitions refer to the legal process through which a government or entity can acquire private property for public use, even if the owner is unwilling to sell.
The government or entity looking to acquire the property is required to file compulsory acquisitions.
Compulsory acquisitions forms typically require detailed information about the property, its owner, and the reason for acquisition.
The purpose of compulsory acquisitions is to allow governments and entities to acquire property for public projects deemed to be in the public interest.
Information such as the property's location, owner's details, reason for acquisition, and any compensation offered or received must be reported on compulsory acquisitions forms.
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