95Definitions

95 Definitions In this Part— ***expenses***, of a statutory management or receivership, means any one or more of the following— (a) the remuneration payable to the statutory manager or receiver; (b) the expenses incurred in the course of the statutory management or receivership; (c) the costs of legal proceedings involved in the statutory management or receivership; (d) any reimbursement of the statutory manager or receiver under this Part; ***former licensee***, in relation to a licence that has been suspended or cancelled, includes the person who held the licence immediately before its suspension or cancellation; ***licensee*** includes— (a) a firm of licensees; and (b) a former licensee; and (c) except in relation to anything done or omitted by a licensee, the personal representative of a deceased licensee or a deceased former licensee; ***property*** of a licensee means— (a) money or other property received by the licensee on behalf of another person in the conduct of a conveyancing business; or (b) interest, dividends, income, profits or other property derived from or acquired with money or other property referred to in paragraph (a); or (c) documents and records of any description relating to anything referred to in paragraph (a) or (b) or to the licensee’s conveyancing business; or (d) any means by which any records referred to in paragraph (c) that are not written may be reproduced in writing— and, in relation to a licensee whose conveyancing business is under statutory management, includes any property of the business; ***receivable property*** means property of a licensee or of an associate of a licensee that is the subject of an order appointing a receiver, and includes property that, but for its having being taken, paid or transferred unlawfully in breach of trust, would be receivable property; ***relevant associate*** means an associate of the licensee in respect of whose property a receiver is appointed; ***relevant licensee*** means— (a) in relation to a statutory management, the licensee in respect of whose conveyancing business the statutory manager was appointed; and (b) in relation to a receivership, the licensee in respect of whose property the receiver was appointed. Division 2—Statutory managers