Northern Territory Consolidated Acts Northern Territory Consolidated Acts17F. Death of agent
(1) If an agent dies, a person who is or who is named as or who intends to apply to be a legal personal representative of the deceased agent may, within 28 days after the death or any longer period that the Commissioner agrees to, apply to the Commissioner to carry on the deceased agent's business as an agent for the period ending -
(a) 6 months after the date of the agent's death; or
(b) immediately before the next succeeding anniversary of the date of the grant of the licence,
whichever last occurs.
(2) The Commissioner may authorise or refuse to authorise the person to carry on the deceased agent's business as an agent.
(3) If the Commissioner authorises the person to carry on the deceased agent's business, he or she may impose the conditions relating to the conduct of the business that he or she considers appropriate.
(4) On a person being authorised to carry on the business of a deceased agent, the person -
(a) has all the rights, authorities, powers, functions and obligations of the deceased agent; and
(b) is to be taken to be the holder of the deceased agent's licence.
(5) If the Commissioner imposes conditions on the conduct of the business of a deceased agent by the person authorised to carry on the business under this section, the person must as, soon as reasonably possible after being authorised to carry on the business, produce the licence to the Commissioner to endorse the conditions on the licence.
Penalty: 50 penalty units.