Northern Territory Consolidated Regulations Northern Territory Consolidated Regulations(1) Subject to subregulation (2), stock may be inscribed in the name of a minor solely or in the name of a minor together with the name of one or more adults as joint owners.
(2) A minor may not:
(a) apply for stock; or
(b) transfer stock,
without the consent of his or her parent or guardian.
(3) The registrar is not to inscribe stock in the name of a person who the registrar knows to be a minor, except in accordance with this regulation.
(4) Where an adult applies for stock and for the stock to be inscribed in the name of a minor, the registrar may inscribe the stock in the name of the minor.
(5) The registrar is not bound to enquire as to the age of a person seeking to become an owner of stock.
(6) Where the registrar has registered a minor as an owner of stock otherwise than in accordance with this regulation, an act done, or a registration or payment made, by the Corporation, is not for that reason alone invalidated.
(7) Where the registrar has registered a minor as an owner of stock otherwise than in accordance with this regulations and subsequently becomes aware that the owner is a minor, the Corporation may redeem the stock immediately.