Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) Where a lease, other than a lease for purposes ancillary to mining, of land within an aboriginal reserve is held by an approved person and that lease is mortgaged otherwise than to an approved person, the mortgagee shall, before he exercises any of his powers as mortgagee, give to the Minister reasonable notice of his intention so to do.
(2) Where a lease, other than a lease for purposes ancillary to mining, of land within an aboriginal reserve is held by an approved person and that lease is mortgaged otherwise than to an approved person, the Minister may, on behalf of the Territory at any time:
(a) pay to the mortgagee the amount owing under the mortgage; and
(b) require the mortgagee to execute a transfer of the mortgage to the Territory.