75Remuneration

75 Remuneration (1) A receiver appointed under this Part: (a) shall be paid such fees and allowances and at such rates as the Supreme Court may determine; and (b) is entitled to reimbursement of the expenses necessarily incurred by him or her in carrying out the receivership. (1A) The Board may pay to the receiver from the moneys of the Fund the fees and allowances and expenses referred to in subsection (1). (2) The receiver or, if it has exercised its powers under subsection (1A), the Board may recover from the agent for whom the receiver is appointed or (not being a company or firm) if dead, his or her estate: (a) an amount of fees and allowances paid or payable to the receiver; and

Agents Licensing Act 1979 57 (b) the amount of the reimbursement of expenses paid or payable to the receiver.