New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 150

150 Other powers of receiver

(1) A receiver may--

(a) prove, grant, claim or draw a dividend in respect of a debt that is receivable property, and

(b) take proceedings to recover damages for a tort committed in relation to receivable property, and

(c) give a receipt for money that is receivable property, and

(d) employ a person to advise or act in relation to receivable property, in the name of the receiver or in the name of the relevant licensee or relevant associate.

(2) A receipt given to a person under subsection (1) (c) discharges the person from any responsibility to see to the application of the money for which the receipt was given.

(3) A receiver is not, in the exercise of his or her functions as a receiver, a personal representative of a deceased licensee.