Northern Territory Consolidated Acts Northern Territory Consolidated Acts5B. Exemption for trust money of corporation manager
A licensed agent:
(a) who receives trust money in the course of business carried on as a corporation manager under the Unit Titles Act or as a body corporate manager under the Unit Title Schemes Act ; and
(b) who holds and deals with the trust money in accordance with a scheme prescribed under section 127(2),
shall, notwithstanding anything to the contrary in this Act, the Unit Titles Act , the Unit Title Schemes Act or any other Act, be deemed not to have committed any breach of the provisions of this Act or those Acts which would otherwise apply to such trust money.
Part II. Agents Licensing Board