The Australian Conservation Foundation believes a station in the Northern Territory could be the location of Australia's first nuclear waste dump.

The Northern Land Council is handling negotiations with the Commonwealth on behalf of the traditional owners that own Muckaty Station, 120 kilometres north of Tennant Creek.

Next week, the Federal Government is expected to repeal the Radioactive Waste Management legislation which could force a facility onto the Northern Territory.

Ray Aylett has leased the station for the past 13 years and says he is in favour of a dump, despite it being only eight kilometres from where he lives.

"They told us that it will be underground in cement bunkers in plastic drums, so it shouldn't worry anybody."