Insolvency Amendment Act 2016

Coat of Arms of New Zealand

Insolvency Amendment Act 2016

Public Act
 
2016 No 64
Date of assent
 
17 October 2016
Commencement
 
see section 2

The Parliament of New Zealand enacts as follows:

1 Title

This Act is the Insolvency Amendment Act 2016.

2 Commencement

This Act comes into force on 1 March 2017.

3 Principal Act

This Act amends the Insolvency Act 2006 (the principal Act).

4 Section 6 amended (Corporations and other entities not subject to Act)

In section 6, insert as subsection (2):

(2)

However,—

(a)

Part 16 of the Companies Act 1993 applies to the liquidation of companies, overseas companies, and associations within the meaning of section 2(1) of that Act; and

(b)

other bodies corporate may be put into liquidation under or in accordance with the Acts under which they are incorporated or registered.

Legislative history

14 September 2016

Divided from Judicature Modernisation Bill (Bill 178–2) as Bill 178–3Q

11 October 2016

Third reading

17 October 2016

Royal assent

This Act is administered by the Ministry of Business, Innovation, and Employment.