Effect of s. 74 orders appointing supervisor
75 Effect of s. 74 orders appointing supervisor
Where an order made under section 74 authorises the Commissioner to appoint a supervisor, the Commissioner during the currency of the order —
may, on such terms and conditions as to remuneration and indemnity as the Commissioner thinks fit appoint a person, licensed or unlicensed, as supervisor of the business of the settlement agent or deceased settlement agent referred to in the order; and
may authorise the supervisor to obtain an advance from the Treasurer on such terms and conditions as the Treasurer thinks fit, for the purpose of carrying on the business of the settlement agent or deceased settlement agent; and
may determine what, if any, proportion of remuneration or other proper charges recovered on account of the settlement agent or deceased settlement agent, shall be paid to the settlement agent or the personal representative of the deceased settlement agent and what proportion shall be paid to the Commissioner towards the expenses and remuneration of the supervisor and for reimbursement of advances made under paragraph (b).
An appointment of a supervisor shall be in writing.
[Section 75 amended: No. 98 of 1985 s. 3; No. 58 of 2010 s. 149 and 176.]
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