Northern Territory Consolidated Acts

TERRITORY INSURANCE OFFICE (SALE) ACT 2014

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY MATTERS

   1.      Short title  
   2.      Commencement  
   3.      Definitions  
   4.      Meaning of instrument applies to a person  
   5.      Meaning of done under this Act  
   6.      Act binds Crown  
   7.      Extra-territorial operation of Act  

   PART 2--SALE OF TIO BUSINESSES

   8.      Sale of insurance business  
   9.      Management of MAC business  
   10.     Sale of banking business  
   11.     Proceeds  
   12.     Powers of Minister, TIO etc.  

   PART 3--STATUTORY TRANSFER TO FACILITATE SALE

   13.     Application of Part  
   14.     Minister may make transfer order  
   15.     Content of transfer order  
   16.     Provisions required in transfer order if purchaser to be successor  
   17.     Effect of transfer order  
   18.     Preconditions  
   19.     Completion of necessary transactions  
   20.     Registration of transfer  
   21.     Notice of transfer  
   22.     Change of parties to proceedings  
   23.     General transitional provision following transfer order  
   24.     Remedial transfer order – wrong pocket corrections  
   25.     Reversal of transfer order – failure to complete sale  

   PART 4--EFFECT OF THINGS DONE UNDER ACT

   26.     Contravention of laws, civil wrongs, etc.  
   27.     Instruments  
   28.     Joint ownership and joint liability  
   29.     Compensation not payable  
   30.     Territory fees  

   PART 5--MISCELLANEOUS MATTERS

   31.     Lists to be available to interested persons  
   32.     Certificate that thing done under Act  
   33.     Cessation of statutory guarantees  
   34.     Procurement Act 1995 not to apply  
   35.     Acquisition on just terms  
   36.     Regulations  
           ENDNOTES