Objects of this Act are inter alia: (a) to encourage agricultural landowners and their tenants and sharefarmers to make suitable and adequate provision to protect properties from deterioration; (b) to permit and encourage the parties to make their own agreements regarding compensation for stored products, for tenants' fixtures and other matters; (c) to provide basic provisions between the parties where they fail to make their own agreement, or where their agreement is unreasonable; (d) to provide for compulsory arbitration outside the court system for resolving by an arbitration committee all disputes relating to leased and sharefarmed agricultural land and other agricultural tenancies. Part 2 establishes the cases in which a compensation should be paid by the owner. A tenant may carry out any improvement on the farm with the consent of the owner; in this case the owner shall pay the tenant the agreed amount. Likewise, the owner shall pay fair compensation to the tenant for improvements carried out without consent if: (1) the improvement belongs to those mentioned in Schedule 1 or is a work or thing prescribed by the regulations; or (2) the improvement is first determined by arbitration to be suitable and desirable.
Australia · 1990-10-26