4Definitions

4 Definitions In this Act, unless the contrary intention appears: adult means a person who is aged 18 years or more. appropriate form has the same meaning as in section 4 of the approved form means a form approved by the Minister. bankruptcy includes any act or proceeding in law having under an Act or an Act of the Commonwealth effects or results similar to those of bankruptcy, and includes the winding-up of an insolvent company. certificate as to title has the same meaning as in section 4 of the Law of Property Act 2000 2 conveyance includes a transfer of an interest in land and an assignment, appointment, lease, settlement and any other assurance of property by instrument except a will. conveyancing agent has the same meaning as in section 5 of the Agents Licensing Act 1979. Court means the Supreme Court. deed includes any instrument having under a law in force in the Territory the effect of a deed. disposition includes a conveyance, vesting instrument, declaration of trust, disclaimer, release and a release, devise, bequest or appointment of property contained in a will. easement means an easement or easement in gross within the meaning of Division 2 of Part 9. encumbrance includes a mortgage in fee or for a lesser interest, a trust for securing money, a lien and a charge of a portion, annuity or other capital or annual sum. encumbrancee has a meaning corresponding with that of encumbrance and includes every person entitled to the benefit of an encumbrance or to require payment to or satisfaction of an encumbrancee. fine includes a premium, foregift and a payment, consideration or benefit in the nature of a fine, premium or foregift. Imperial Act means a statute of England in force in the realm of England on or immediately before 28 December 1836. income, in relation to land, includes rents and profits. instrument includes a deed, will and Act. interest includes an estate in land and a right. land includes an interest in land. land register has the same meaning as in section 4 of the Land Title Act 2000. Land Titles Office has the same meaning as in section 4 of the Law Society means the Law Society Northern Territory as established by section 635 of the Legal Profession Act 2006. Law of Property Act 2000 3 local government body has the same meaning as in section 4 of the Land Title Act 2000. minor means a person who is aged less than 18 years. mortgage includes: (a) a charge on property for securing: (i) a debt; or (ii) the payment of an annuity, rent charge or sum of money in favour of a person; and (b) a statutory charge or an overriding statutory charge. mortgagee includes a person deriving title to a mortgage under or through the original mortgagee. mortgagee in possession means a mortgagee who in right of a mortgage has entered into and is in possession of the mortgaged mortgage money means money or money's worth secured by a mortgagor includes a person who: (a) derives title to the equity of redemption under or through the original mortgagor; or (b) is entitled to redeem a mortgage, according to the mortgagor's interest in the mortgaged property. notice includes constructive notice. order includes a judgment and decree of a court. overriding statutory charge has the same meaning as in section 4 of the Land Title Act 2000. possession, in relation to land, includes the receipt of income from property includes an interest in real or personal property and a thing in action. prescribed means prescribed by the Minister by notice in the Gazette. Law of Property Act 2000 4 Public Trustee means the Public Trustee for the Northern Territory appointed under the Public Trustee Act 1979. purchaser means a purchaser for valuable consideration and includes a lessee, mortgagee, or other person who for valuable consideration acquires an interest in property. registered means registered under the Land Title Act 2000. registration means registration under the Land Title Act 2000. rent includes a yearly or other rent, toll, duty and royalty and any other reservation of rent by the acre, hectare, the ton, tonne or otherwise. sale means the exchange of property for money. securities include stocks, funds and shares. short lease has the same meaning as in section 4 of the Land Title Act 2000. statutory charge has the same meaning as in section 4 of the trustee company has the same meaning as in the Companies (Trustees and Personal Representatives) Act 1981. unregistered land means land that is not registered. valuable consideration includes marriage.