New South Wales Consolidated Acts

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Receivers and managers

89 Receivers and managers

(1) If a receiver, or a receiver and manager, is appointed in respect of an operator of a retirement village, the person so appointed must (subject to the terms of the appointment) comply with the operator's obligations under this Act as if that person were the operator.
(2) The terms and conditions of appointment of a receiver, or a receiver and manager, may exempt the appointee from the requirement to comply with such obligations of the operator as are specified or described in the order of appointment.
(3) This section does not apply to the extent that it is inconsistent with the Corporations Act 2001 of the Commonwealth.

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