Purpose To explore value vs worth in the context of compulsory acquisition. Design/methodology/approach Analysis of statutory environment within the context of valuation theory. Findings Value and worth could be reconciled by redefining special value in Act. Research limitations/implications Public policy amendment. Practical implications Public policy amendment. Social implications Facilitate just compensation. Originality/value Topical issue in New South Wales, where massive compulsory acquisition programme underway to facilitate infrastructure development.
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David Parker (2024) studied this question.
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