Northern Territory Consolidated Acts Northern Territory Consolidated Acts54. Application of Valuation of Land Act
(1) The Valuation of Land Act applies to and in relation to a pastoral lease as if the leased land were ratable land within the meaning of that Act and the Minister were the rating authority in respect of the land.
(2) Section 10(1) of the Valuation of Land Act , in its application to pastoral land by virtue of subsection (1), shall be construed so that the period of 3 years there referred to is the period of 3 years after the date of commencement of this Act.