Minerals (Acquisition) Act 1953. Country/Territory Australia Territorial subdivision Northern Territory Document type Legislation Date 1953 (2011) Source FAO, FAOLEX Long titleAn Act to provide for the Acquisition by the Crown of certain minerals, and for other purposes. Subject Mineral resources Keyword Minerals Legal proceedings/administrative proceedings Geographical area Asia and the Pacific, Australia and New Zealand, Indian Ocean, Oceania, South Pacific Entry into force notes This Act enters into force on 22 April 1953. Abstract This Act concerns the acquisition of minerals by the Crown. Under section 3, “All minerals existing in their natural condition, or in a deposit of waste material obtained from any underground or surface working, on or below the surface of any land in the Territory, not being minerals, which, immediately before the commencement of this Act, were the property of the Crown or of the Commonwealth, are, by force of this Act, acquired by, and vested absolutely in, the Crown in right of the Commonwealth.” The Act provides for compensation in relation to the acquisition of minerals. Full text English Website legislation.nt.gov.au