Northern Territory Consolidated Acts

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AGENTS LICENSING ACT


TABLE OF PROVISIONS

           Long Title

   PART I--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Repeal  
   4.      Application  
   5.      Interpretation  
   5A.     Exemptions  
   5B.     Exemption for trust money of corporation manager  

   PART II--AGENTS LICENSING BOARD

   6.      The Board  
   7.      Appointment of members and tenure  
   7A.     Alternate members  
   8.      Registrar, Deputy Registrars and inspectors  
   9.      Chairperson  
   11.     Removal of member  
   12.     Vacation of office  
   13.     Resignation  
   14.     Meetings  
   15.     Member not to act where interested  
   16.     Delegation  

   PART III--LICENCE TO CARRY ON BUSINESS AS AGENT

           Division 1--General

   17.     Unlicensed persons not to act as agents  
   18.     Certain persons ineligible to apply for licence without leave of Board  
   19.     Leave not to affect other requirements  

           Division 2--Qualifications for licence as agent

   20.     Meaning of fit and proper person  
   22.     Eligibility for licence  
   22A.    Board may approve course of competency-based training  
   23A.    Provisional licence on acquisition of business  
   24.     Persons licensed or registered as agents elsewhere  
   25.     Licence of company or firm  
   25A.    Restricted licence  

           Division 3--Applications, objections and determination of applications for licences

   26.     Applications by persons other than companies or firms  
   27.     Applications by companies or firms  
   28.     Objections  
   29.     Grant or refusal of licences  
   30.     Board to hold inquiry before refusal  
   31.     Issue of licences  
   31AA.   Notification of change of circumstance  
   31A.    Special endorsement for conveyancing agents  
   31B.    Board may approve course of competency-based training  
   32.     Duration and renewal  
   32B.    Licensed agent when not carrying on business  

   PART IV--REGISTRATION OF AGENTS' REPRESENTATIVES

   32C.    Part does not apply to conveyancing agents  
   33.     Agents' representatives to be registered  
   34.     Directors, managers, &c., of licensed agent  
   35.     Licensed agents not to employ unregistered representatives  
   36.     Prohibition of employment by 2 agents  
   37.     Application for registration  
   38.     Furnishing of information  
   39.     Qualifications  
   41.     Certificate of registration  
   41A.    Restricted registration  
   42.     Objections  
   43.     Surrender of certificate  
   43A.    Annual fee  
   44.     Disciplinary action  
   44A.    Board may suspend registration pending inquiry  
   44B.    Powers of Board after inquiry  
   44C.    Cancellation if become licensed as agent  
   45.     Employer to be notified of suspension or cancellation of agent's registration  
   46.     Unemployed representative  
   47.     Notice of employment  
   48.     Registrar may direct surrender  

   PART V--TRUST MONEYS, TRUST ACCOUNTS AND AGENTS' RECORDS

           Division 1--Trust moneys and accounts

   49.     Trust moneys  
   50.     Opening of account  
   51.     Notification of account  
   52.     Operation of trust account  
   53.     Protection of trust moneys  
   54.     Provisions relating to ADI accounts  

           Division 2--Agents' records

   55.     Accounting records  
   56.     Receipt for trust moneys  
   57.     Business moneys other than trust moneys  

           Division 3--Audit and inspection of trust accounts

   58.     Prescribed period  
   59.     Audit  
   60.     Qualifications of auditor  
   61.     Furnishing of documents, information, &c.  
   62.     Auditor's report  
   63.     Special report  

           Division 4--Inspections

   64.     Inspectors  

   PART VI--RULES OF CONDUCT FOR AGENTS

   64A.    Rules of conduct for agents  
   65.     Rules of conduct  

   PART VIA--AGREEMENTS BETWEEN LICENSED AGENTS AND CLIENTS

   65A.    Prescription of terms, &c., of agreement  
   65B.    Consultation regarding agreements  
   65C.    Form of agreement  
   65D.    Application of prescribed terms, &c.  
   65E.    Special provisions relating to conveyancing agents  

   PART VII--SURRENDER AND REVOCATION OF LICENCES

   66.     Surrender  
   67.     Grounds for disciplinary action  
   68.     Applications for disciplinary action  
   68A.    Board may suspend licence pending inquiry  
   69.     Powers of Board after inquiry  
   69A.    Profits to be repaid  
   70.     Effect of suspension or revocation  

   PART VIII--RECEIVERS

   71.     Appointment  
   72.     Responsibility  
   73.     Notice to ADI  
   73A.    Access to books, &c.  
   74.     Powers of receiver  
   75.     Remuneration  
   76.     Interpretation  

   PART IX--INQUIRIES BY BOARD

   77.     Inquiries  
   78.     Power to summon witnesses  
   79.     Failure to attend or produce documents  
   80.     Refusal to take oath or give evidence  
   81.     Record of evidence of witnesses  
   82.     Protection of members  
   83.     Protection of persons appearing before Board  
   84.     Board may inspect books, &c.  
   84A.    Publication of findings and determination  
   84B.    Proceedings to be open to public  

   PART X--APPEALS TO LOCAL COURT

   85.     Appeals  

   PART XII--FIDELITY FUND

           Division 1--Educational schemes and grants to industry bodies

   92.     Application of money for educational schemes  
   93.     Grants to industry bodies  

           Division 2--Agents Licensing Fidelity Guarantee Fund of the Northern Territory

   94.     Establishment of Fund  
   95.     Members of Fund  
   95A.    Meetings of Fund  
   95B.    Moneys of fund  

           Division 3--Claims against Fund

   96.     Persons who may apply  
   97.     Registrar may invite claims  
   98.     Time for making applications  
   99.     Manner of applications  
   100.    Registrar to consider applications  
   101.    Review of Registrar's determinations  
   102.    Payment of compensation  
   103.    Subrogation  
   104.    Agents may claim in certain circumstances  
   105.    Interim payments  

           Division 4--Contributions and levies to Fund

   106.    Annual contributions  
   107.    Contributions not payable in certain circumstances  
   108.    Levies  

   PART XIIA--INDEMNITY INSURANCE

   108A.   Definitions  
   108B.   Licensed agents required to hold approved indemnity insurance  
   108C.   Board may approve indemnity insurance policy  
   108D.   Organisation representing agents may arrange for insurance  
   108E.   Part does not affect claims against Fund  

   PART XIIB--CONFLICTS OF INTEREST

   108F.   Definitions  
   108G.   Restriction on agent etc. purchasing or selling property in which the agent is interested  
   108H.   Sale etc. by agent with interest in sale  

   PART XIII--MISCELLANEOUS

   109.    Registers  
   110.    Licensed agents to maintain registered office in Australia etc.  
   110A.   Business managers  
   111.    Registrar may approve operation of registered office without licensed branch manager  
   111A.   Licence not transferable  
   112.    Agent not to share commission  
   113.    Improper use of licence  
   114.    Improper use of title of agent  
   115.    False or misleading advertisements  
   116.    Obstruction of Registrar, inspector, &c.  
   117.    Production of licence  
   118.    Withholding of deposit  
   119.    Requirements of advertisements  
   120.    Display of notices  
   121.    No recovery of commission unless licensed  
   121A.   Contracts for sale of land to be in approved form  
   122.    Service of documents  
   123.    Evidence of licensing or registration  
   124.    Requirement by Registrar or inspector  
   125.    Cancelled registration and revoked licences  
   125AA.  Infringement notices  
   125B.   Regulatory offences  
   126.    Offences committed by employees, partners, or directors  
   127.    Regulations  
           SCHEDULE
           ENDNOTES


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