121Receiver may require delivery of trust money and supply of information

121 Receiver may require delivery of trust money and supply of information

(1)  A receiver of the trust money of a property agent may require the property agent or any other person who may have possession or control of the trust money –

(a) to deliver up to the receiver the trust money and any accounts and records in respect of the money that is in his or her possession or under his or her control; and

(b) to give to the receiver any other information in respect of the trust money that is in his or her possession or under his or her control.

(2)  A receiver who makes a requirement under subsection (1) must produce a copy of the order of the magistrate appointing the receiver.

(3)  A person must comply with a requirement of a receiver made under subsection (1) .

Penalty:  Fine not exceeding 500 penalty units.