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(1) A receiver shall be paid the expenses properly incurred by the receiver in the performance of the receiver's functions and the fees in respect of other matters as may be prescribed.

(2) A receiver shall in addition to any other rights and remedies for the recovery of the expenses and fees referred to in subsection (1), have the same rights and remedies as a salver has in respect of salvage.

(3) Where a dispute arises as to the amount payable to a receiver in respect of expenses or fees, the dispute shall be determined by the Director-General.

(4) Fees received by a receiver in respect of the services performed by the receiver, shall be accounted for to the Director-General, and shall be applied in defraying the expenses duly incurred.