Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) A person is not guilty of an offence against section 125(1) by reason only that he or she held himself or herself out to be a person who undertakes, or undertakes or offers to undertake, workers compensation insurance business in the Territory for the purpose of discharging liabilities assumed by him or her before the commencement of that section.
(2) An insurer:
(a) who carried on workers compensation insurance business in the Territory before the commencement of section 125 ;
(b) whose period of approval under and for the purposes of the repealed Act has not expired; and
(c) who has not been refused approval under section 119 ,
is not guilty of an offence against section 125(1) by reason only that, not being approved under section 119 for the purposes of this Act, he or she carries on workers compensation insurance business in the Territory during the period of 3 months after that commencement.
(3) An insurer who:
(a) carried on workers compensation insurance business in the Territory before the commencement of section 125 ;
(b) has, within 3 months after that commencement and before the period of his or her approval under and for the purposes of the repealed Act has expired, applied under section 119(1) for approval for the purposes of this Act; and
(c) has not withdrawn the application or been refused approval under section 119(2),
is not guilty of an offence against section 125(1) by reason only that, not being approved under section 119 for the purposes of this Act, he or she carries on workers compensation insurance business in the Territory after the expiration of 3 months after that commencement.