ABORIGINAL LAND RIGHTS (NORTHERN TERRITORY) ACT 1976 - SECT 5
(1) The functions of a Land Trust are:
(a) to hold title to land vested in it in accordance with this Act;
(c) where the Land Trust is named as the grantee of land in a deed of grant held in escrow by a Land Council--to acquire, as and when practicable, the estates and interests of other persons in the land with a view to the surrender to the Crown of those estates and interests and the delivery to the Land Trust of the deed of grant held by the Land Council.
(2) A Land Trust:
(a) shall not exercise its functions in relation to land held by it except in accordance with a direction given to it by the Land Council for the area in which land is situated; and
(b) where such a direction is given to it--shall take action in accordance with that direction.
ABORIGINAL LAND RIGHTS (NORTHERN TERRITORY) ACT 1976 - SECT 62
Note: The Account was established by subsection 5(3) of the Financial Management Legislation Amendment Act 1999 .
(2) The Account is a special account for the purposes of the Public Governance, Performance and Accountability Act 2013 .