Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) Unless, and to the extent that, a method of valuation is at the relevant time required under a law in force in respect of a will (whether a law of the Territory or of another place) or is provided for by a will, an express or implied requirement in a will that a valuation of property be made or accepted for any purpose is to be construed as if it were a reference to a valuation of the property:
(a) as at the date of the testator's death; and
(b) made by a competent valuer.
(2) Subsection (1) does not apply if a contrary intention appears in a will.