5Interpretation

5 Interpretation (1) In this Act: accounting records, in relation to a person, includes such working papers and other documents as are necessary to explain the methods and calculations by which accounts of the person are made up. agent means a real estate agent, business agent or conveyancing agent's representative means a person who, in the service of, and on behalf of, a licensed agent negotiates or holds himself or herself out as being prepared to negotiate any transaction of a description referred to in subsection (2)(a) or (b). approved form means a form approved under section 126A(1). Board means the Agents Licensing Board of the Northern Territory constituted under Part II. body corporate manager, under the Unit Title Schemes Act 2009, means a body corporate manager as defined in section 87(1) of that Act. business manager means a person, with substantive and effective control of one or more of the registered offices of the business operated under a licence, who is specified on the licence as a business manager in respect of the office or offices. Chairperson means the Chairperson of the Board appointed under section 9 and includes the Deputy Chairperson when acting as the Chairperson. company means a corporation within the meaning of the Corporations Act 2001. corporation manager under the Unit Titles Act 1975 means a person who for reward (whether monetary or otherwise), and whether or not the person carries on any other business, exercises a power or performs a function on behalf of a corporation or members of a corporation under that Act. departmental member means the member who is an employee within the meaning of the Public Sector Employment and Management Act 1993 appointed under section 7. Deputy Chairperson means the Deputy Chairperson of the Board elected under section 14(4)(b).

Agents Licensing Act 1979 3 firm includes a business constituted by one person. Fund means the Agents Licensing Fidelity Guarantee Fund of the Northern Territory established by section 94. inquiry means a meeting of the Board to conduct an inquiry in pursuance of Part IX. inspector means an inspector appointed under section 8. Institute means the Real Estate Institute of the Northern Territory Incorporated. lease includes a sub-lease. licence means a licence that is in force under this Act. licensed agent means an agent licensed to carry on business as an agent. member means a member of the Board (including the Chairperson or Deputy Chairperson) and includes an acting appointment. register means the appropriate register kept under section 109. registered agents representative means a person registered under Part IV as an agent's representative. registered company auditor means a registered company auditor within the meaning of the Corporations Act 2001. registered office means an office of which the Registrar has been notified under section 110(2)(a). Registrar means the Registrar of Land, Business and Conveyancing Agents appointed under section 8. regulations means regulations made under this Act. rules of conduct means rules of conduct prescribed in the regulations. trust account means an account referred to in section 50. trust money means money of a description referred to in section 49.