Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Northern Territory is by this Act declared to be accepted by the Commonwealth as a Territory under the authority of the Commonwealth, by the name of the Northern Territory of Australia.
(2) Without limiting the effect of the acceptance, the acceptance includes the Palmerston and Pine Creek Railway and all the State's right, title, interest in, and control of, all State real and personal property and privileges in the said Territory (except moneys held by or on behalf of or to the credit of, or due or accruing due to, the State at the date of the acceptance), whether held by or vested in the Crown, or by or in any Commissioner, authority, or person, or otherwise, for State purposes.