100
In forceStatutory management continues under receivership
Part 6External intervention
Division 2Statutory managers
100 Statutory management continues under receivership
(1)
A statutory manager may continue to exercise his or her powers under this Division even if a receiver is appointed in relation to the relevant licensee's property.
(2)
If a receiver is appointed in respect of the property of a licensee whose conveyancing business is under statutory management, the statutory manager must comply with any lawful direction given by the receiver in relation to the conduct of the conveyancing business.
This Act’s bill:Explanatory memorandumSecond reading speech
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