Section 86Part 2 — The Financial Reporting Authority
Official Receiver
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In exercise of the powers contained in the Public Service Management Act (2018 Revision) but subject to subsection
, there shall be appointed in the Ministry of Finance and Economic Development an Official Receiver who shall perform such functions as may be specified under this Act but otherwise be governed by that Act . ( 2 ) Before making the appointment referred to in subsection (1) the appointing officer shall consult the Deputy Governor, Director of Public Prosecutions and Financial Secretary in relation to the identity of the person to be appointed.
Wherever under this Act reference is made to a receivership ordered by a court, such receivership shall be read and construed as a receivership to be performed by the Official Receiver but where, in the opinion of the Official Receiver, it is inexpedient for the Official Receiver to perform that role in a particular case or class of cases, the Official Receiver shall notify the court and the court may appoint a receiver from the private sector.
Where a receiver from the private sector is so appointed, that receiver shall have all the powers, duties and obligations of the Official Receiver as are set out in this Act and which are consistent with that receiver ’s private - sector status. Interim rece iving orders