Practical Law ANZ Glossary w-018-6609 (Approx. 2 pages)
Glossary
Receiver
A person appointed to take control of charged property and to realise it for the benefit of a secured creditor or, in the case of an appointment by the court, to preserve it pending the determination of a dispute. The appointment of a receiver transfers the management and control of the property in receivership from its owner to the receiver, who must deal with it as required by the Receiverships Act 1993 (RA 1993). For the RA 1993 definition of "receiver", see section 2(1) of the RA 1993.