Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) This section applies if, as a result of something occurring by operation of a transfer order, the purchaser or vendor incurs an obligation to notify another person of the occurrence of that thing.
(2) The obligation is taken to have been met if notice of the sale is published in a newspaper circulating throughout the Territory within 14 days after the thing occurred or any longer period specified in the transfer order.
(3) The notice must include a summary of the effect of the insurance sale agreement or banking sale agreement (as the case requires) and transfer order sufficient to inform the person mentioned in subsection (1) of the occurrence of the thing mentioned in that subsection.