New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 129

129 Management continues under receivership

(1) The manager of a licensee's business may continue to exercise his or her functions under this Division even if a receiver is appointed under Division 3 in respect of the licensee's property.

(2) The manager of a licensee's business for which a receiver is appointed must comply with any lawful direction given by the receiver in connection with the conduct of the business.