Northern Territory Consolidated Acts Northern Territory Consolidated Acts46. Liabilities and privileges of transferor and transferee
Upon the issue of the certificate of transfer pursuant to section 45:
(a) the applicant shall have and may exercise the same privileges and be subject to the same liabilities and penalties as if the licence transferred to him had been originally granted to him; and
(b) the person whose licence is transferred shall cease to be a licensee, but shall remain liable for an act or omission done, caused, permitted or made by him prior to the transfer.