Acquisition of Land (Interest on Compensation) Rules 1971.
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LEX-FAOC048686
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These Regulations prescribe that any compensation agreed or awarded for land of which possession is taken by the Minister under the authority vested in him by section 8(1) of the Acquisition of Land Act 1970 [title 19 item 2], shall carry interest from the date of entry until compensation is paid or paid into court in accordance with that Act at the rate of 7 percent per annum.
Implements: Acquisition of Land Act. (2011)
