Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) An instrument of transfer for a lot or any interest in a lot must:
(a) be validly executed;
(b) include particulars sufficient to identify:
(i) the lot to be transferred; or
(ii) the lot to which the interest applies;
(c) include the value of the lot and the details of any consideration; and
(d) for an interest in a lot – include a description sufficient to identify the interest to be transferred.
(2) Subsection (1) does not limit the matters that the appropriate form for an instrument of transfer may require to be included in the instrument.
(3) In specified classes of cases, the Registrar-General may, in accordance with the Registrar-General's directions, waive the requirements that:
(a) the transfer be executed by the transferee; or
(b) the value of the lot be included in the instrument of transfer.