Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) The Minister may determine that a purchase price is payable for the right to the grant of a pastoral lease, with or without improvements, and, where the Minister does so, he or she shall fix the purchase price or the reserve price, or determine the manner in which the purchase price shall be fixed, and may determine the amount or the percentage of the purchase price or reserve price that shall be paid by a successful purchaser on entering into a contract for the purchase of the right.
(2) For the purposes of subsection (1), the Minister may require the Valuer-General to make a valuation of a proposed pastoral lease.