(1) The Minister may enter into an agreement (a heritage agreement ) with a person in relation to the conservation of the heritage significance of a place or object.
(2) A heritage agreement may only be made in accordance with the council's advice and with—
(a) the owner of the place or object; or
(b) if the owner consents—someone else.
(3) A heritage agreement may be made in relation to a place or object, whether or not it is registered.
(4) The regulations may provide that a stated Territory law does not apply to—
(a) a place to which a heritage agreement applies; or
(b) a place where there is an object to which a heritage agreement applies.