(1)
A person who acts as an insolvency practitioner must be a licensed insolvency practitioner whose licence—
authorises the person to act as an insolvency practitioner in respect of the insolvency engagement being carried out; and
is recorded in the register.
(2)
A person who acts as an insolvency practitioner in breach of this section commits an offence and is liable on conviction to a fine not exceeding $75,000.
(3)
This section does not apply to an Official Assignee.
Compare: 2011 No 21 s 8