Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Executive, on behalf of the Commonwealth:
(a) has responsibility for the management of Territory Land ; and
(b) subject to section 9 of the Seat of Government (Administration) Act 1910 , may grant, dispose of, acquire, hold and administer estates in Territory Land ; and
(c) has responsibility for:
(i) the management of the taking of water on National Land; and
(ii) the regulation of the taking of water on National Land.
(2) The Executive shall perform its functions under subsection ( 1) subject to enactment and in accordance with the principles:
(a) that new estates in Territory Land shall be granted only in accordance with procedures that are notified to the public; and
(b) that appropriate classes of decisions relating to the administration of estates in Territory Land shall be subject to just and timely review without unnecessary formality.
(3) The term of an estate in Territory Land granted on or after Self - Government Day shall not exceed 99 years or such longer period as is prescribed, but the estate may be renewed.
(4) The Authority may intervene in any proceedings for review of a decision relating to the administration of an estate in Territory Land .