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Consultation is now open on the discussion paper for the minimum standards and conditions for the licensing of insolvency practitioners.
The discussion paper covers the proposed fees for licensed practitioners and company levies. It also looks at the roles of the Companies Registrar and accredited bodies in frontline regulation.
On 10 May 2018, the Minister of Commerce and Consumer Affairs announced the release of a discussion document that sets out a proposal for a new, Ponzi-specific, insolvency regime. It is based on the idea that investors should be treated equally.