272Receivers

#### 272 Receivers (1) The Federal Circuit and Family Court of Australia (Division 2) may, at any stage of a proceeding, on such terms and conditions as the Court thinks fit, appoint a receiver by interlocutory order in any case in which it appears to the Court to be just or convenient to do so. (2) A receiver of any property appointed by the Federal Circuit and Family Court of Australia (Division 2) may, without the previous leave of the Court, be sued in respect of an act or transaction done or entered into by the receiver in carrying on the business connected with the property. (3) When, in any cause pending in the Federal Circuit and Family Court of Australia (Division 2), a receiver appointed by the Court is in possession of property, the receiver must manage and deal with the property: (a) according to the requirements of the laws of the State or Territory in which the property is situated; and (b) in the same manner as that in which the owner or possessor of the property would be bound to do if in possession of the property.