Date posted: 21/11/2019 4 min read

Prescribed minimum standards and conditions for the licensing of insolvency practitioners in NZ

Feedback sought in respect of MBIE’s proposed minimum standards and conditions for the licensing of insolvency practitioners under the Insolvency Practitioners Regulation Act 2019

In brief

  • Submissions due to MBIE by 13 December 2019
  • Feedback can be provided to us or online directly to MBIE
  • Questions can be sent to practitioners@companies.govt.nz

MBIE has released a discussion paper outlining the proposed minimum standards and conditions for the licensing of insolvency practitioners.

The Insolvency Practitioners Regulation Act 2019 was passed by Parliament in June 2019 and introduced a co-regulatory scheme to promote quality, expertise, and integrity in the profession of insolvency practitioners.  The Act will come into force on 17 June 2020.

The discussion paper seeks feedback on the proposed minimum standards to prescribe the competence and experience that an insolvency practitioner will need to meet before that person can be licensed, the conditions that may be imposed on licenses, and requirements for ongoing recognition.

All members involved in insolvency engagements should read the discussion paper to understand how the proposals may impact on their activities. 

Members may respond to any of the issues in the paper, or you can raise issues not covered in the paper.  Where possible, MBIE are requesting to provide evidence to support comments.

We welcome members feedback which will be incorporated into our submission, or alternatively members can make submissions directly to MBIE.

You can access the discussion paper on the MBIE website.

Submissions are due by 5pm on 13 December 2019.  If you wish to provide feedback for incorporation into the CA ANZ submission, please email  by close of business 9 December 2019.  

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