Receivers and managers
54 Receivers and managers
If a receiver, or a receiver and manager, is appointed in respect of an operator of a retirement village, the appointee must (subject to the terms of the appointment) comply with the operator's obligations under this Act as if that person were the operator.
The terms and conditions of appointment of a receiver, or a receiver and manager, may exempt the appointee from the requirement to comply with obligations of the operator specified or described in the order of appointment.
This section does not apply to the extent that it is inconsistent with the Corporations
Act 2001 of the Commonwealth.
This Act’s bill:Second reading speech
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