Insolvency Practitioner’s Register news and updates

Keep up to date with news and updates from Ministry of Business, Innovation and Employment (MBIE) and the Companies Office about the Insolvency Practitioners Regulation Act 2019 and the register it will create.

Summary of submissions published on proposed regulations

21 May 2020

Following public consultation between 17 September and 15 October 2019 on proposals to implement the Insolvency Practitioners Regulation Act 2019, including setting the fees and levy under the scheme, a summary of submissions, and MBIE’s responses, is now available.

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COVID-19 impact on Insolvency Practitioners Regulation legislation

14 May 2020

New Insolvency Practitioners Regulation legislation is scheduled to come into force on 17 June 2020 however this may be delayed.

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Minimum standards published for licensing and accreditation under the Insolvency Practitioners Regulation Act 2019

31 March 2020

The Registrar of Companies has published minimum standards, conditions and requirements for ongoing competence for the licensing of insolvency practitioners, and minimum standards for the accreditation of bodies, after a period of public consultation.

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Consultation opens – Discussion document for insolvency practitioners accredited bodies

17 December 2019

Public consultation is now open on the discussion document for implementation of the Insolvency Practitioners Regulation Act 2019: Proposed standards, conditions & policies for accredited bodies. This runs until 5pm, 7 February 2020.

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Consultation opens on the proposed minimum standards and conditions for the licensing of insolvency practitioners

15 November 2019

Public consultation has begun on the discussion document for implementation of the Insolvency Practitioners Regulation Act 2019 — Proposed minimum standards and conditions for the licensing of insolvency practitioners. This runs until 5pm, 13 December 2019.

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Consultation opens on the implementation of the Act

18 September 2019

Public consultation has begun on the discussion document for implementation of the Insolvency Practitioners Regulation Act 2019 — Proposed regulations. This runs until 5pm, 15 October 2019.

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Insolvency Practitioners Regulation Act passed into law

24 June 2019

The Insolvency Practitioners Regulation Act was passed by Parliament on 17 June 2019 and is expected to come into force in June 2020.

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