Official Assignee budget cut as personal insolvencies fall

Official Assignee budget cut as personal insolvencies fall
The Official Assignee is an officer of the court (Image: NZME).
Riley Kennedy
A “significant” drop off in the number of personal insolvency cases over the past three years has led to the Official Assignee’s budget being cut by more than a quarter for the upcoming fiscal year.This is despite expectations that those cases would balloon because of covid-19.However, an insolvency specialist says they could increase again as the Reserve Bank of NZ continues to put up interest rates to fight inflation.The Official Assignee, a business unit within the ministry of business, innovation and employment (MBIE), adm...

More Finance

Majority of CFOs want Govt policy shift, but don't expect it
Finance

Majority of CFOs want Govt policy shift, but don't expect it

The Mood of the CFO survey shows a “two speed” economy with wildly divergent results.

Dileepa Fonseka 10 Sep 2025
ANZ's NZ operation may escape worst of 'Nuno-geddon'
Finance

ANZ's NZ operation may escape worst of 'Nuno-geddon'

ANZ NZ’s performance might be its potential saving grace.

Andy Macdonald 10 Sep 2025
No big NZ cuts amid 'Nuno-geddon': ANZ NZ
Finance

No big NZ cuts amid 'Nuno-geddon': ANZ NZ

ANZ Group chops thousands of staff, contractors, but no big cuts in NZ. 

Andy Macdonald 09 Sep 2025
Swapping mortgages for music: David Tripe eases into retirement
Finance

Swapping mortgages for music: David Tripe eases into retirement

Respected academic and finance-sector pundit calls time on his long career.

Andy Macdonald 09 Sep 2025