Insolvency practitioners to be licensed under new regime to stop poor behaviour, Goldsmith says

Tue, 29 Nov 2016

By Fiona Rotherham Nov. 30 (BusinessDesk) - The government is introducing a long-awaited licensing regime for insolvency practitioners after finding the current system “too loose” and enabling dishonesty and incompetence. Commerce and Consumer Affairs Minister Paul Goldsmith said hundreds of New Zealand companies go into liquidation, receivership or administration each year with outstanding debts running into many millions of dollars and it was essential there is a high level of trust and transparency around the process. The minister s...

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