Victorian Current Acts

CONVEYANCERS ACT 2006 - SECT 125

    (1)     A receiver—

        (a)     may prove, grant, claim or draw a dividend in respect of a debt that is receivable property; and

        (b)     may take proceedings to recover damages for a tort committed in relation to receivable property; and

        (c)     may give a receipt for money that is receivable property; and

        (d)     may employ a person to advise or act in relation to receivable property—

in the name of the receiver or in the name of the relevant licensee or a relevant associate.

    (2)     A receipt given to a person under subsection (1)(c) discharges the person from any responsibility to see to the application of the money for which the receipt was given.

    (3)     A receiver is not, in the exercise of his or her functions as a receiver, a personal representative of a deceased licensee.