New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 128

128 Powers of manager

(1) The manager of a licensee's business may, subject to the terms of his or her appointment--

(a) carry out work on behalf of the existing clients of the business, and

(b) accept instructions from, and carry out work on behalf of, new clients, and

(c) dispose of, and otherwise deal with, any property in relation to the business, and

(c1) wind up the affairs of the business, and

(d) exercise any right in the nature of a lien over property held by the manager on behalf of the clients of the business, and

(e) incur such expenses as are reasonably related to the conduct or winding up of the business, and

(f) do all such things as are ancillary to the exercise of the powers referred to in paragraphs (a)-(e),

as if he or she were the licensee to whom the business belongs.

(2) The manager of a licensee's business may not exercise any of the functions conferred by this section in relation to the affairs of a client of the business unless the client's consent has been obtained to the manager's exercise of those functions.