Northern Territory Consolidated Acts Northern Territory Consolidated Acts72. Duties of service authority
A service authority to which money is paid in accordance with this Part must:
(a) maintain:
(i) a trust account in relation to each contribution plan; or
(ii) if the service authority is a local authority - an authorised deposit account within the meaning of the Local Government Act ,
for the purposes of providing the infrastructure or public car parking spaces for which the contribution was provided;
(b) pay money received by it in accordance with this Part into the account; and
(c) within a reasonable time, having regard to all the circumstances, expend money paid to it in accordance with this Part for the purpose of providing infrastructure or public car parking for the provision of that infrastructure or public car parking, as the case may be, in the policy area in which the development is situated.