New South Wales Consolidated Acts
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PROPERTY AND STOCK AGENTS ACT 2002 - SECT 152
Lien on receivable property
(1) If a licensee claims a lien on receivable property for an amount in
respect of remuneration, the receiver may serve on the licensee a written
notice requiring the licensee to provide to the receiver, within a specified
period of not less than 1 month-- (a) particulars sufficient to identify the
property, and
(b) a detailed itemised account relating to the amount in
respect of which each lien is claimed.
(2) If the licensee requests the
receiver in writing to allow access to such records as may be reasonably
necessary to enable the preparation of the itemised account, the time allowed
for providing the itemised account does not begin to run until access to those
records is provided.
(3) If a requirement of a notice under this section is
not complied with, the receiver may disregard the claim in dealing with the
property claimed to be subject to a lien.
(4) In this section--
"remuneration" means remuneration by way of commission, fee, gain or reward
for services performed by a licensee in his or her capacity as a licensee and
includes any sum as reimbursement for expenses or charges incurred in
connection with services performed by a licensee in his or her capacity as a
licensee.
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