Update: New licensing regime for insolvency practitioners follows 10% to 20% falling short of expectation

Wed, 30 Nov 2016

By Fiona Rotherham Nov. 30 (BusinessDesk) - (Update: Adds in more detail from Cabinet Paper only available now) Commerce and Consumer Affairs Minister Paul Goldsmith, who is introducing a new licensing regime for insolvency practitioners, said between 10 and 20 percent of them fall short of reasonable expectations. Goldsmith is introducing a co-regulatory licensing system where professional bodies, such as the Recovery, Insolvency and Turnaround Association of NZ and Chartered Accountants Australia and New Zealand, will carry out the f...

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