22 Sep 2015
Today IPART released a draft report on landholder benchmark compensation rates. As part of the NSW Gas Plan, the NSW Government asked IPART to develop a framework for setting benchmark compensation rates as a guide for NSW landholders negotiating land access agreements with coal seam gas companies.
Rather than adopting a ‘one-size-fits-all’ approach to landholder compensation, we are proposing a model that allows landholders to estimate compensation benchmarks using information that is specific to their circumstances. Information about the model and other draft recommendations are set out in our draft report.
We are inviting submissions on the draft report until 30 October 2015. Public forums will be held in Narrabri (13 October) and Gloucester (20 October) where the community will have the opportunity to comment and ask questions on the Draft Report and recommendations.