New South Wales Consolidated Regulations

LEGAL PROFESSION UNIFORM GENERAL RULES 2015 - REG 101

101 Appointment of receiver

(1) The instrument of appointment under section 341 of the Uniform Law of a person as a receiver for a law practice must--

(a) identify the law practice and the receiver, and

(b) indicate that the external intervention is by way of appointment of a receiver, and

(c) specify any conditions imposed by the designated tribunal when the appointment is made, and

(d) specify any fees payable by way of remuneration to the receiver specifically for carrying out the receiver's duties in relation to the external intervention, and

Note : Paragraph (d) is intended to exclude remuneration payable generally, eg as an employee of the designated local regulatory authority.

(e) provide for the legal costs and the expenses that may be incurred by the receiver in relation to the external intervention.

(2) The instrument of appointment may--

(a) specify the term (if any) of the appointment, and

(b) specify any reporting requirements to be observed by the receiver.