Victorian Current Acts

CONVEYANCERS ACT 2006 - SECT 111

    (1)     A person is not eligible for appointment as a receiver unless the person is—

        (a)     a licensee; or

S. 111(1)(b) amended by No. 17/2014 s. 160(Sch. 2 item 18.5).

        (b)     an Australian legal practitioner who holds an Australian practising certificate or a non‑participant practising certificate entitling the person to engage in legal practice as a principal of a law practice; or

        (c)     a person who holds accounting qualifications and who has experience in trust accounts for conveyancing businesses; or

        (d)     a liquidator registered under the Corporations Act.

    (2)     If—

        (a)     a statutory manager has already been appointed in respect of the relevant licensee's conveyancing business; and

        (b)     the statutory manager is otherwise eligible under this section for appointment as a receiver—

the Supreme Court may appoint the statutory manager as receiver in respect of the property of the relevant licensee.

S. 111(3) substituted by No. 17/2014 s. 160(Sch. 2 item 18.6).

    (3)     In this section—

        (a)     "Australian practising certificate", engage in legal practice , law practice and principal have the same meanings respectively as they have in the Legal Profession Uniform Law (Victoria);

        (b)     non-participant practising certificate has the same meaning as it has in Schedule 3 to the Legal Profession Uniform Law (Victoria).