Northern Territory Consolidated Acts Northern Territory Consolidated Acts23A. Provisional licence on acquisition of business
If a person (not being a company or a firm) acquires from a licensed agent a business the carrying on of which requires a licence under this Act, the person is eligible for the grant of a provisional licence if:
(a) he or she satisfies the requirements of section 22(1)(a), (b) and (d); and
(b) he or she:
(i) undertakes in writing to obtain the qualifications referred to in section 22(1)(c)(i) or (ii) within the period specified by the Board; or
(ii) satisfies the Board that he or she is, by reason of his or her experience, competent to carry on business on his or her own account as a licensed agent and undertakes in writing to obtain the qualifications referred to in section 22(1)(c)(iii) within the period specified by the Board.