Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) If, apart from this section, a precondition would have to be satisfied before something that is done by a transfer order could occur, the precondition is taken to have been satisfied unconditionally before the order has effect.
(2) However, subsection (1) does not apply in relation to a precondition imposed by the insurance sale agreement or the banking sale agreement.
Examples for section 18
1 If notice would otherwise be required to be given before something could be done, the notice is taken to have been given.
2 If the approval of a person would otherwise be required before something could be done, the approval is taken to have been given unconditionally.