Northern Territory Treasury Corporation Inscribed Stock Regulations 1998

(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.

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.