Northern Territory Consolidated Regulations

NORTHERN TERRITORY TREASURY CORPORATION INSCRIBED STOCK REGULATIONS 1998 - REG 9

    (1)     An application to purchase stock:

        (a)     is to be made in writing to the registrar in a form determined by the Corporation;

        (b)     is to include the full name of each applicant; and

        (c)     is to specify how interest is to be paid and principal is to be repaid.

    (2)     An application, other than an application to convert maturing stock, is to be accompanied by a payment for the full amount of stock applied for, unless the Treasurer determines otherwise.

    (3)     In the case of a joint application, the registrar is to record the applicant's names in the register in the order in which they appear on the application.

    (4)     The registrar is to issue an official acknowledgement of receipt of an application under subregulation (1):

        (a)     to the person who lodged the application; or

        (b)     in the case of a joint application, to the person whose name first appears on the application form.

    (5)     A person may apply, in a form determined by the Corporation, to convert stock.