Ms Helen Curley:

As I mentioned, the primary duty is to the debenture holder who appoints the receiver. There are no provisions relating to information that a receiver-manager, which is what we are talking about in this case, has to give to the business owner.

As I also mentioned, there are certain duties if the person wishes to sell the property. The job of the receiver is to get moneys to repay the debt owed by the business owner to the debenture holder. In that case there are duties for a receiver to endeavour to get the best price for the property when selling it and there is no indemnity for a receiver who breaches that duty.