Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) Where an approved insurer or self-insurer:
(a) contravenes or fails to comply with the approval; or
(b) contravenes or fails to comply with this Act,
in addition to or instead of revoking or suspending the approval, the Authority may, by notice in writing to the insurer or self-insurer, require the insurer or self-insurer to pay to the Territory the amount prescribed by the Regulations for the contravention or failure or that class of contravention or failure.
(2) A notice under subsection (1) is to specify:
(a) the nature of the contravention or failure;
(b) the circumstances in which the contravention or failure occurred;
(c) the amount required to be paid; and
(d) the time for payment.
(3) An amount payable under subsection (1) is a debt due to the Territory by the insurer or self-insurer.
(4) This section applies despite any other penalty that may be or has been imposed under this Act on the insurer or self-insurer in respect of the contravention or failure.