Northern Territory Consolidated Acts Northern Territory Consolidated Acts66. Surrender
(1) A licensed agent may, by notice in writing delivered to the Registrar, apply to the Board for permission to surrender the licence of the agent commencing on a date that is a date not earlier than one month after the date on which the notice is delivered to the Registrar.
(2) The Board is not required to grant permission to a licensed agent to surrender the licence of the agent where:
(a) the Board has, before the date of delivery by a licensed agent of a notice under subsection (1), resolved or resolves, within the period of one month referred to in that subsection, to hold an inquiry under section 68(1); or
(b) the Registrar has, before the date of delivery by a licensed agent of a notice under subsection (1), delivered or delivers, within the period of one month referred to in that subsection, a statement under section 68(2).
(3) Where the Board holds an inquiry pursuant to section 68 and does not revoke the licence of a licensed agent, the Board may, after that inquiry, grant permission to the licensed agent to surrender the agent's licence.