111Eligibility for appointment as receiver

111 Eligibility for appointment as receiver (1) A person is not eligible for appointment as a receiver unless the person is— (a) a licensee; or S. 111(1)(b) amended by No. 17/2014 s. 160(Sch. 2 item 18.5). (b) an Australian legal practitioner who holds an Australian practising certificate or a non‑participant practising certificate entitling the person to engage in legal practice as a principal of a law practice; or (c) a person who holds accounting qualifications and who has experience in trust accounts for conveyancing businesses; or (d) a liquidator registered under the Corporations Act. (2) If— (a) a statutory manager has already been appointed in respect of the relevant licensee's conveyancing business; and (b) the statutory manager is otherwise eligible under this section for appointment as a receiver— the Supreme Court may appoint the statutory manager as receiver in respect of the property of the relevant licensee. S. 111(3) substituted by No. 17/2014 s. 160(Sch. 2 item 18.6). (3) In this section— (a) ***Australian practising certificate***, ***engage in legal practice***, ***law practice*** and ***principal*** have the same meanings respectively as they have in the Legal Profession Uniform Law (Victoria); (b) ***non-participant practising certificate*** has the same meaning as it has in Schedule 3 to the Legal Profession Uniform Law (Victoria).