Northern Territory Consolidated Acts

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AGENTS LICENSING ACT - SECT 72

Responsibility

72. Responsibility

(1) A receiver appointed under this Part:

(a) is responsible to the Supreme Court for his or her acts and for the performance of transactions entered into by the receiver; and

(b) shall report to the Board as often as required by the Supreme Court.

(2) The Supreme Court may replace a receiver appointed under this Part with another registered company auditor to be receiver of the trust moneys of the agent.


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