Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1101b:p4
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1101B (pt 4/4)
Character Range: 4863885–4865576

the Court under subsection (1) as a receiver of the property (see subsection (12)) of a financial services licensee:
 (a) may require the financial services licensee to:
 (i) deliver to the person any property of which the person has been appointed receiver; or
 (ii) give to the person all information concerning that property that may reasonably be required; and
 (b) may acquire and take possession of any property of which the person has been appointed receiver; and
 (c) may deal with any property that the person has acquired, or of which the person has taken possession, in any way in which the financial services licensee might lawfully have dealt with the property; and
 (d) has such other powers in respect of the property as the Court specifies in the order.

Duty to comply with order
 (10) A person must not, without reasonable excuse, contravene:
 (a) an order under this section; or
 (b) a requirement imposed under paragraph (8)(a) or (8)(d) by a receiver appointed by order of the Court under subsection (1).
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).

Power to rescind or vary order
 (11) The Court may rescind or vary an order made by it under this section or suspend the operation of such an order.
 (12) In this section:
property, in relation to a financial services licensee, includes:
 (a) money; or
 (b) financial products; or
 (c) documents of title to financial products; or
 (d) other property;
entrusted to, or received on behalf of, any other person by the financial services licensee or another person in the course of, or in connection with, a financial services business carried on by the financial services licensee.