Document ID: chunk:federal_register_of_legislation:F2024C00417:reg:3:p97
Version: federal_register_of_legislation:F2024C00417
Segment Type: reg
Provision Reference: reg 3 (pt 97/100)
Character Range: 351295–353980

and
 (b) the amount likely to be obtained by the receiver; and
 (c) the probable costs of appointing and paying a receiver.
 (2) When appointing a receiver, the court must make orders about:
 (a) the receiver's remuneration (if any); and
 (b) the security (if any) to be given by the receiver; and
 (c) the powers of the receiver; and
 (d) the parties to whom, and the intervals or dates at which, the receiver is to submit accounts.
 (3) The court may authorise a receiver to do (in the receiver's name or otherwise) anything the payer may do.
 (4) The receiver's powers operate to the exclusion of a payer's powers during the receivership.
 (5) The court may, on application by an interested person, make procedural orders about the powers of the receiver.
Note: For rules relating to the enforcement of obligations other than an obligation to pay money, see Division 11.1.7.

11.50  Security
  A receiver's appointment by the court starts when:
 (a) the order appointing the receiver is made; and
 (b) the receiver files any security ordered that is acceptable to the court for the performance of the receiver's duties.

11.51  Accounts
  A party to whom a receiver must submit accounts may, on giving reasonable written notice to the receiver, inspect, either personally or by an agent, the documents and things on which the accounts are based.

11.52  Objection to accounts
 (1) A party who objects to the accounts submitted by a receiver may serve written notice on the receiver:
 (a) specifying the items to which objection is taken; and
 (b) requiring the receiver to file the receiver's accounts with the court within a specified period that is at least 14 days after the notice is served.
 (2) The court may examine the items to which objection is taken.
 (3) The court:
 (a) must, by order, declare the result of an examination under subrule (2); and
 (b) may make an order for the costs and expenses of a party or the receiver.

11.53  Removal of receiver
  The court may:
 (a) set aside the appointment of a receiver at any time; and
 (b) make orders about the receivership and the receiver's remuneration.

11.54  Compliance with orders and Rules
  If a receiver contravenes an order or these Rules, the court may:
 (a) set aside the receiver's appointment; and
 (b) appoint another receiver; and
 (c) order the receiver to pay the costs of an application under this rule; and
 (d) deprive the receiver of remuneration and order the repayment of remuneration already paid to the receiver.
Note: This rule does not limit the court's powers relating to contempt or the enforcement of orders.

Division 11.1.7—Enforcement of obligations other than an obligation to pay money