New South Wales Consolidated Regulations New South Wales Consolidated Regulations(cf SCR Part 29, rule 2)
(1) If the court appoints a receiver, the court may give directions for the filing by the receiver of security in accordance with this rule.
(2) If the court directs the appointment of a receiver, then, unless the court orders otherwise, a person must not be appointed receiver under the direction until security has been filed in accordance with this rule.
(3) Subrules (1) and (2) have effect subject to any provision for the time being in force made by or under any Act.
(4) A security to be filed in accordance with this rule must be a security approved by the court that the receiver will account for what he or she receives as receiver and will deal with what he or she receives as the court may direct.
(5) If a security has been filed under this rule, the court may make orders for the vacation of the security.