(1) The application of the Lands Acquisition Act 1989 in relation to land in the Territory does not prevent or affect the making or operation of a provision of an Ordinance or other law of the Territory (including the operation of a provision of an Ordinance or other law made before the commencement of this section) by virtue of which:
(a) lands in the Territory acquired by or vested in the Commonwealth may be disposed of or otherwise dealt with;
(b) instruments, receipts and other documents in relation to any such lands may be executed; or
(c) rights, duties and liabilities in relation to any such lands are or may be acquired, conferred or imposed.
(2) Any Ordinances or other laws of the Territory referred to in subsection ( 1) which provide for the acquisition of land shall provide that such land shall not be acquired otherwise than on just terms.