(1) In considering an application under subrule 20.46 (1), the court must have regard to:

(a)

the amount of the debt;

(b)

the amount likely to be obtained by the receiver; and

(c)

the probable costs of appointing and paying a receiver.

(2)

When appointing a receiver, the court must make orders about:

(a)

the receiver's remuneration, if any;

(b)

the security to be given by the receiver;

(c)

the powers of the receiver; and

(d)

the parties to whom, and the intervals or dates at which, the receiver is to submit accounts.

(3)

The court may authorise a receiver to do (in the receiver's name or otherwise) anything the payer may do.

(4) The receiver's powers operate to the exclusion of a payer's powers during the receivership.

(5)

The court may, on application by an interested person, make procedural orders about the powers of the receiver.