Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) If a lot is sold under a registered writ of execution, the sheriff or a registrar of the relevant court may execute an instrument of transfer to the purchaser.
(2) On the transfer being registered, the transferee becomes the registered owner of the lot subject to:
(a) registered interests; and
(b) equitable mortgages notified by caveat lodged before the writ of execution was registered.