Act Repealed Latest version as at 11 June 1985 (as enacted) | 1985 No 87

Insolvency Amendment Act 1985

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Appointment of Official Assignee for New Zealand, etc.

Insolvency Amendment Act 1985

Public Act		1985 No 87
Date of assent		11 June 1985

	Title
1	Short Title
2	Interpretation
3	Regulations
4	Appointment of Official Assignee for New Zealand, etc.
	Administrative information

An Act to amend the Insolvency Act 1967

BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:

1 Short Title

This Act may be cited as the Insolvency Amendment Act 1985, and shall be read together with and deemed part of the Insolvency Act 1967 (hereinafter referred to as the principal Act).

2 Interpretation

(1)

Section 2 of the principal Act is hereby amended by repealing the definition of the term “Assignee”, and substituting the following definition:

“‘Assignee’ or ‘Official Assignee’ means the Official Assignee for New Zealand, the Deputy Official Assignee for New Zealand, and any other Official Assignee or Deputy Assignee appointed under this Act, and, in relation to any estate, the Assignee having charge of that estate:”.

(2)

Section 2(3) of the Insolvency Amendment Act 1976 is hereby consequentially repealed.

3 Regulations

Section 14 of the principal Act is hereby amended by repealing paragraph (g), and substituting the following paragraph:

“(g)

Prescribing the accounts to be kept by the Assignee, the audit of those accounts, and the fees payable in respect of such audit:”.

4 Appointment of Official Assignee for New Zealand, etc.

(1)

The principal Act is hereby amended by repealing section 15, and substituting the following section:

“15

“(1)

There shall be appointed from time to time under the State Services Act 1962—

“(a)

A suitable person to be the Official Assignee for New Zealand under this Act:

“(b)

A suitable person to be the Deputy Official Assignee for New Zealand under this Act:

“(c)

Such other suitable persons as may be required to be Official Assignees under this Act.

“(2)

There shall be appointed from time to time under the State Services Act 1962 such suitable persons as may be required to be Deputy Assignees to assist in the administration of estates.

“(3)

Assignees and Deputy Assignees shall be officers of the Court.

“(4)

The Deputy Official Assignee for New Zealand shall discharge his duties and exercise his powers subject to the control and direction of the Official Assignee for New Zealand.

“(5)

Every Assignee appointed under subsection (1)(c) of this section, and every Deputy Assignee appointed under subsection (2) of this section, shall discharge his duties and exercise his powers subject to the control and direction of the Official Assignee for New Zealand and the Deputy Official Assignee for New Zealand.

“(6)

Nothing in this section shall affect sections 18(2) and 29 of this Act.”

(2)

Section 2(1) and (2) of the Insolvency Amendment Act 1976 are hereby consequentially repealed.

This Act is administered in the Department of Justice

Insolvency Amendment Act 1985