Section 97Part 2 — The Financial Reporting Authority
Powers of the trustee for civil recovery
←→ Navigate · Click subsection badges to collapse · Press ? for help
The trustee for civil recovery shall be the Official Receiver appointed under this Act .
The functions of the trustee are —
to secure the detention, custody or preservation of any property vested in that trustee by the recovery order;
in the case of property other than money, to realise the value of the property for the benefit of the Accountant General; and
to perform any other functions conferred on tha t trustee by virtue of this Part.
In performing that trustee ’s functions, the trustee acts on behalf of the Accountant General and shall comply with any directions given by the Accountant General.
The trustee shall realise the value of property ves ted in that trustee by the recovery order, so far as practicable, in the manner best calculated to maximise the amount payable to the Accountant General.
The trustee has the powers mentioned in