Northern Territory Consolidated Acts Northern Territory Consolidated Acts28. Investigation of trust accounts
(1) If the Commissioner -
(a) has considered a report of an investigation into the trust account of an agent; and
(b) is satisfied that the agent has received moneys for or on behalf of a person and has not properly accounted for those moneys in the agent's trust account,
the Commissioner may, by notice in writing to the manager or other principal officer of an ADI or the Territory Insurance Office, being the body with which the agent has deposited any money in a trust account in his or her capacity as agent, direct that, until he or she revokes the notice, no moneys are to be drawn from the trust account without the Commissioner's consent.
(2) The manager or other principal officer of an ADI, or the Territory Insurance Office, that receives a notice referred to in subsection (1)(a) must give effect to the direction of the Commissioner.