128Effect of appointment

128 Effect of appointment (1) The operator of a retirement village must not, while an order of appointment of an administrator is in force in relation to the village, exercise any function of the operator that the administrator is authorised to exercise. (2) However, the appointment of an administrator does not relieve the operator of any of the operator’s liabilities under a village contract. (3) Subject to the terms of the appointment, a person appointed as an administrator— (a) must comply with all the obligations of the operator in relation to the functions that the person is authorised to exercise (including functions under a village contract); and (b) is, in the exercise of the operator’s functions, taken to be the

Administrators, receivers and managers Division 6.6