Northern Territory Treasury Corporation Act 1994

All inscribed stock of the Corporation:

shall be issued in such series, at such times and places in or outside the Territory and in such manner as the Corporation thinks fit;

shall bear interest at such rate or rates (if any) and be redeemable at such date or dates and at such place or places in or outside the Territory as advised by the Corporation;

may, with the consent of the registered owner, be paid off at any time prior to the due date at not more than the amount of the principal remaining unpaid at the time or, at the discretion of the

Corporation, at a premium with interest to the date of payment only;

and

shall rank equally unless the Corporation otherwise expressly determines in respect of particular inscribed stock.

Unless the Corporation expressly provides in respect of particular inscribed stock, no inscribed stock of the Corporation shall entitle the registered owner to a charge or other security in respect of the income, revenue or other assets of the Corporation.

In the case of an application to purchase inscribed stock:

the Corporation may require the applicant to lodge, as security, all or part of the purchase consideration;

where an application is accepted, the inscribed stock that is issued shall bear interest at the rate or rates advised in accordance with this section on the amount lodged as security from the date of lodgement; or

where an application is not accepted, the Corporation shall refund to the applicant the amount lodged as security, together with such amount of interest as the Corporation considers appropriate.