Northern Territory Consolidated Regulations Northern Territory Consolidated Regulations(1) An owner of stock may lodge with the registrar an instrument, duly executed by the owner, specifying a person or persons authorised to sign on his or her behalf and the registrar may act on the instrument accordingly.
(2) In the case of joint ownership, an instrument for the purposes of subregulation (1) is to be duly executed, where the instrument specifies the person is to be authorised to sign on behalf of:
(a) all joint owners – by all joint owners; or
(b) one of the joint owners – by that owner.
(3) Before acting on an instrument appointing an authorised signatory, the registrar may require from him or her a declaration that the signatory has not received notice of, or otherwise become aware of, the revocation of the instrument, whether by express revocation, by the death of the owner of the stock or otherwise.
(4) The registrar is to retain and file each instrument appointing an authorised signatory.
(5) Where the registrar acts on an instrument in accordance with this regulation, he or she is not bound to enquire any further into the authority of the authorised signatory to sign on behalf of the owner of the stock.