Discussion paper for implementation of the Insolvency Practitioners Regulation Act 2019

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Submissions due: 15 October 2019, 5pm

Consultation is now open on the discussion paper for Implementation of the Insolvency Practitioners Regulation Act 2019

The Insolvency Practitioners Regulation Act 2019 was passed by Parliament in June 2019 and is expected to come into force in June 2020. This Act’s scheme will establish licensing requirements, effective ways for holding insolvency practitioners to account, and will raise standards of insolvency practice over time.

This discussion paper contains proposals to implement the Insolvency Practitioners Regulation Act, including setting the fees and levy under the scheme, and asks for feedback and comments. Once we have considered submissions, we will develop final proposals. If approved by Cabinet, these proposals will be given effect by making regulations under the Act.

Submissions close on 15 October 2019.

How to make a submission

You can:

We strongly prefer that you make submissions through this form.

If you are preparing a comprehensive submission in collaboration with others, you may wish to first prepare answers to each question in Microsoft Word or similar. That is because the online form does not save progress if you exit the browser.

If you are unable to access or use the online form, please either:

or

  • mail your submission to:
    Anna Gibb
    Insolvency Practitioners Regulation Act Consultation
    Market Services
    Ministry of Business, Innovation & Employment
    PO Box 1473
    Wellington 6140
    New Zealand

Your submission may respond to any or all of the issues in this paper, or raise issues not covered in the paper. Where possible, please include evidence to support your views, for example references to independent research, facts and figures, or relevant examples.

If you have any questions about the submissions process, contact us at practitioners@companies.govt.nz.