Northern Territory Consolidated Acts

AGENTS LICENSING ACT - SECT 64

(1) An inspector may, at any reasonable time:

(a) inspect all receipts, books, accounts, securities and any other documents and papers relating to the operation of the business of the licensed agent, including trust moneys received or paid by the licensed agent;

(aa) inspect all documents or certificates relating to indemnity insurance referred to in Part XIIA of a licensed agent or former licensed agent;

(b) inspect all accounting records of a description referred to in section 57 kept by a licensed agent;

(c) for the purposes of paragraph (a), (aa) or (b), require a licensed agent or any other person in whose custody or control those receipts or other books, accounts, securities, documents, papers or accounting records, or those documents or certificates relating to indemnity insurance referred to in Part XIIA, are, to produce and to hand over to the inspector those receipts or other books, accounts, securities, documents, papers or accounting records or those documents or certificates relating to indemnity insurance referred to in Part XIIA; and

(d) require an explanation of a document or paper referred to in paragraph (c).

(2) A person to whom a requirement under subsection (1) is made, shall not refuse or fail to comply with that requirement.

Penalty: If the offender is a natural person - 100 penalty units.

If the offender is a body corporate - 500 penalty units.

(3) An inspector may make notes, copies of extracts from or copies of, any books, accounts, securities, documents, papers or accounting records or a document or certificate relating to indemnity insurance referred to in subsection (1).

(4) For the purposes of subsection (3), an inspector may retain, for the period that the inspector considers necessary, any book, account, security, document, paper or accounting record or a document or certificate relating to indemnity insurance referred to in subsection (1).