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AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 51
Receivers—functions
51 Receivers—functions
(1) A receiver appointed under this division has the following functions—
(a) to take possession of receivership property;
(b) to manage receivership
property;
(c) to receive claims against receivership property;
(d) if the
agent held receivership property in trust— (i) to identify the person or
persons who have the right to it; and
(ii) to distribute it under this
division;
(e) to identify any defalcation that has, or may have, been
committed;
(f) to report to the chief executive about the receivership.
(2)
In carrying out its functions, the receiver must comply with parts 2 and 3 as
if a reference in those parts to the agent were a reference to the receiver.
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