Northern Territory Consolidated Acts Northern Territory Consolidated Acts48. Registrar may direct surrender
(1) Where the Registrar is notified under section 47 of the termination of the employment of an agent's representative, the Registrar may direct the agent's representative to surrender to the Board the agent's representative's certificate of registration.
(2) An agent's representative shall not fail to comply with a direction under subsection (1) within 14 days after the date on which the direction is given.
Penalty: If the offender is a natural person - 20 penalty units.
If the offender is a body corporate - 100 penalty units.
Part V. Trust moneys, trust accounts and agents' records