New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 157

157 Payment of expenses of receivership

(1) So much of the expenses of receivership as have not otherwise been paid to the receiver are to be paid to the receiver by the Secretary from the Operating Account.

(2) An amount paid under this section may be recovered by the Secretary from the relevant licensee as a debt.

(3) If the Secretary and a receiver fail to agree on the remuneration to be paid to the receiver, the Supreme Court may, on the application of the Secretary or the receiver, determine the amount to be paid.

(4) The Supreme Court, on the application of the relevant licensee--

(a) may re-open any agreement between the Secretary and a receiver for remuneration of the receiver, and

(b) may determine the amount to be paid.