Northern Territory Consolidated Regulations Northern Territory Consolidated Regulations(1) Subject to these Regulations, the registrar may act on a power of attorney if:
(a) under the power of attorney the attorney has power to apply for, or to deal with, sell, purchase or convert, stock; and
(b) a copy of, or an extract from, the power of attorney has been verified by a person approved by the registrar and the copy or extract has been lodged with the registrar.
(2) Before acting on a power of attorney the registrar may require from the attorney a declaration that the attorney has not received notice of, or otherwise become aware of, the revocation of the power of attorney, whether by express revocation or by the death of the donor of the power or otherwise.
(3) The registrar is to retain and file all copies of powers of attorney.
(4) Where the registrar acts on a power of attorney in accordance with this regulation, he or she is not bound to enquire any further into the authority of the attorney to sign or act on behalf of the owner.