Companies (Reporting by Insolvency Practitioners) Regulations 2020

11 Prescribed information for receiver’s summary report

The summary report referred to in section 24A(2) of the of the Receiverships Act 1993 in respect of a company in receivership must contain—

(a)

the company name; and

(b)

the company number; and

(c)

the company New Zealand Business Number; and

(d)

the business industry classification code (see www.businessdescription.co.nz); and

(e)

where the company principally operates, identified—

(i)

by domestic region; or

(ii)

as operating nationally; or

(iii)

as operating internationally; and

(f)

the date and time that the company entered receivership and the receivership was complete; and

(g)

the date and time of appointment of the receiver, including any receiver who left office during the receivership, and the date of the vacation of office; and

(h)

the registration number of the receiver and any receiver who left office during the receivership; and

(i)

the contact details of the receiver; and

(j)

a statement recording the outcome of the receivership, including a summary of the assets available to be—

(i)

returned to the directors; or

(ii)

distributed to creditors through liquidation of the company; or

(iii)

sold as a going concern.

(k)

the total amount of fees, allowances, reimbursements, and other benefits paid since the commencement of the receivership to—

(i)

the receiver; and

(ii)

any former receiver who left office during the receivership; and

(l)

the total amount paid to any person in whose interests the receiver was appointed; and

(m)

a summary of the amounts paid to each class of creditor since the commencement of the receivership; and

(n)

the total amount owing at the commencement and at the end of the receivership to—

(i)

any person in whose interests the receiver was appointed; and

(ii)

preferential creditors; and

(o)

the amount available at the end of the receivership for payment to creditors, categorised by payment—

(i)

to preferential creditors; and

(ii)

to all other creditors.