Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) Notwithstanding any Act relating to the registration of title to real or personal property, but subject to subsection (2), a disposition of property made, or a contract to dispose of property entered into, by way of payment of or security for a debt incurred or which may be incurred by a person as a consequence of unlawful betting is ineffectual.
(2) Nothing in subsection (1) shall invalidate a disposition of property by a party to a contract referred to in that subsection for valuable consideration where the person to whom the disposition was mad:
(a) was not a party to the contract; and
(b) had not, at the time of the disposition, notice that the property was the subject of or the whole or part of the consideration for the contract; and
(c) otherwise acted in good faith.