(1) If Aboriginals occupy an area of land or take and use wildlife from an area of land in accordance with Aboriginal tradition, the Commission may:
(a) assist or co-operate in; or
(b) enter into negotiations and finalise agreements relating to,
the management of the land to protect and conserve wildlife on the land and protect the natural features of the land with:
(c) subject to the Aboriginal Land Rights (Northern Territory) Act 1976 of the Commonwealth, an Aboriginal Land Council established under that Act in respect of the land; or
(d) any other organisation or body that controls or manages the land or in which the land is vested.
(1A) An agreement under subsection (1) may provide for financial assistance by the Territory or the Commission to achieve the object of the agreement but any such provision providing for financial assistance by the Territory shall have no effect unless approved in writing by the Minister.
(1B) An agreement under subsection (1) may provide for the granting of permits in relation to the taking and using of wildlife in accordance with Aboriginal tradition on the land to which the agreement relates.
(1C) The Commission must not take any action under subsection (1) in relation to land referred to in that subsection unless the Director has consulted with the Aboriginals who the Director is satisfied use the land in accordance with Aboriginal tradition.
(2) Where, at the expiration of 2 years from the date of execution of a deed of grant of an estate in fee simple by the Governor-General under section 12 of the Aboriginal Land Rights (Northern Territory) Act 1976 , no agreement under subsection (1) has been entered into between the Commission and an Aboriginal Land Council, a then existing declaration of a sanctuary or a protected area over the land contained in the deed of grant or a part of that land is, by operation of this subsection, revoked.