New South Wales Consolidated Acts

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CONVEYANCERS LICENSING ACT 2003 - SECT 125

Supreme Court may review expenses of receivership

125 Supreme Court may review expenses of receivership

(1) If, on the application of the relevant licensee, the Supreme Court is satisfied that the expenses of the receivership are excessive, the Supreme Court may order the taking of accounts between the Secretary and the receiver.
(2) After the taking of accounts, the Supreme Court--
(a) may relieve the relevant licensee from payment of any amount in excess of that determined by the Supreme Court to be fairly payable, or
(b) if the receiver has been paid, or allowed on account, an amount that includes such an excess--may order the receiver to repay the excess.



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