114Receivers

#### 114 Receivers (1) The Federal Circuit Court of Australia may, at any stage of a proceeding, on such terms and conditions as the Federal Circuit Court of Australia thinks fit, appoint a receiver by interlocutory order in any case in which it appears to the Federal Circuit Court of Australia to be just or convenient so to do. (2) A receiver of any property appointed by the Federal Circuit Court of Australia may, without the previous leave of the Federal Circuit Court of Australia, be sued in respect of an act or transaction done or entered into by him or her in carrying on the business connected with the property. (3) When, in any cause pending in the Federal Circuit Court of Australia, a receiver appointed by the Federal Circuit Court of Australia 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.