Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) The appointment of a supervisor of trust money of a law practice terminates in the following circumstances:
(a) the term of the appointment comes to an end;
(b) the appointment is set aside under section 606 ;
(c) the appointment of a manager for the practice takes effect;
(d) the appointment of a receiver for the practice takes effect;
(e) the supervisor has distributed all trust money received by the practice and wound up all trust accounts;
(f) a decision of the Law Society that the appointment be terminated has taken effect.
(2) The Society may decide in writing that the appointment be terminated immediately or with effect from a specified date.
(3) The Society must serve a written notice of the termination on all persons originally served with notice of the appointment.