If your business operates out of a premises which has been compulsorily acquired, it is likely that you will be eligible for business loss compensation.
Compensation will be consistent with your financial loss – both in terms of the “hard” costs (which may include removalists, storage and fit out of new premises) as well as loss of income.
Valuers are appointed to assess your financial disadvantage. This is a fairly scientific process.
Your lawyer will liaise with the authority in relation to compensation and, if necessary, issue proceedings in the Victorian Civil and Administrative Tribunal (VCAT).
It is important to appoint a lawyer to act for you as soon as possible.
The Government has an obligation to pay your reasonable legal costs in most cases.
If you are a business owner who has been affected by compulsory acquisition, speak to one of our experienced lawyers on 1300 907 335 or complete the enquiry form on this page.