RITANZ is the professional body for insolvency practitioners and for those working in the field of business reconstruction and turnaround, and corporate and personal insolvency in New Zealand.
The organisation is affiliated with INSOL International, a worldwide federation of national associations for accountants and lawyers who specialize in turnaround and insolvency.
RITANZ has branches in Auckland, Christchurch and Wellington, and is run by an elected Board of volunteers, who work in or alongside the profession. Read more about us here.
Important Notice from MBIE
MBIE has advised of an upcoming change to the maximum employee preferential claim figure in the Companies Act 1993 and Insolvency Act 2006.
On 30 September 2018, The figure is being adjusted from $22,160 to $23,960. This adjustment occurs every 3 years, to account for any increase in average weekly earnings (total, private sector).This adjustment reflects an 8.1 percent increase in average weekly earnings since 2015, as reported by Statistics New Zealand in its Quarterly Employment Survey.
The amendments to the Companies Act and Insolvency Act have been signed into law (see the New Zealand Legislation website) and notified in the Government Gazette. For more information, please see the MBIE website.
The Annual Corporate Insolvency and Restructuring Conference is the premier professional development event for the New Zealand restructuring and insolvency market and will be held at SkyCity in 2018. Our conference programme is designed to keep insolvency professionals up to date with latest case law and insolvency practices, as well as keeping attendees informed and abreast of the state of the economy and industry. Our regular Networking Events are free to members and provide opportunities for Continuous Professional Development throughout the year.
See our Events page for more details.
Latest Industry News
Country TV interviews RITANZ Chair John Fisk
John Fisk the Chair of RITANZ, recently featured on Country TV’s Point …
Insolvency Practitioners Bill – submission on SOP
RITANZ has prepared and submitted our submission on the Supplementary Order Paper …
Radio NZ interviews RITANZ Chair
RITANZ Chairman, John Fisk, was recently interviewed by Radio NZ on a …
Important Notice from MBIE – Employee Preferential Claims
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