CONVEYANCERS ACT 2006 - SECT 110 Supreme Court may appoint receiver

CONVEYANCERS ACT 2006 - SECT 110

    (1)     The Supreme Court may, on the application of the Director, appoint a receiver of all or any of the property of a licensee and may make the appointment whether or not the licensee has been notified of the application or is a party to the proceedings.

    (2)     An application under subsection (1) may be made only if the Director is of the opinion that it is necessary to have a receiver appointed to protect the interests of consumers and one or more of the following applies—

        (a)     the relevant licensee has requested the Director to make the application;

        (b)     the relevant licensee's licence has been cancelled or suspended;

        (c)     the Director is of the opinion that there has been, or may have been, a failure to account by the relevant licensee;

        (d)     the Director is of the opinion that a person is unable to obtain payment or delivery of property held by the licensee because the relevant licensee—

              (i)     is mentally or physically infirm; or

              (ii)     is an insolvent under administration; or

              (iii)     is a prisoner within the meaning of the Corrections Act 1986 ; or

              (iv)     has died; or

              (v)     has abandoned the licensee's conveyancing business.