Bankruptcy, insolvency and other financial difficulties of a liquor licensee
If you are a Northern Territory liquor licensee, you must notify the Director of Liquor Licensing using the approved form if you:
- become bankrupt
- apply to take the benefit of a law for the relief of bankrupt or insolvent debtors or
- compound with your creditors or make an assignment of your property, interest or remuneration for the benefit of your creditors. This includes appointing an, or being placed in administration or liquidation.
Notify the director of your circumstances
You must notify the director within seven days of any of the above events.
Failing to do so is an offence of strict liability.
Follow these steps:
Step 1. Fill in the notice of bankruptcy, insolvency etc of a liquor licensee.
Apply to conduct the business of a licensee who is bankrupt
The trustee, assignee or other person in whom the estate of a licensee becomes vested may apply, in the approved form, to the Director for approval to conduct the business of the licensee.
To apply, follow these steps:
Step 1. Fill in the application for approval to conduct the business of a licensee who is bankrupt etc.
Step 2. Submit your completed application with a copy of your identification to firstname.lastname@example.org.
Last updated: 30 July 2021
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