RITANZ – Resources

Understanding the Basic Liquidation Process

The Ministry of Business Innovation and Employment has provided some information and flowcharts on their website to provide a very basic explanation on some aspects of the insolvency process as guidance to the public:

● Company insolvency options;
● The Liquidation process
● The effect of liquidation on a company.

Please note that the insolvency process is vastly more complicated and detailed than the information contained here and as such we strongly encourage creditors, shareholders, directors etc to always consult with a RITANZ Accredited Insolvency Practitioner. These practitioners are held to a high level of standard and codes of ethics that are upheld by Chartered Accountants Australia and New Zealand .

MBIE – the liquidation process

AML

This Anti-Money Laundering and Countering the Financing of Terrorism “(AML/CFT”) Overview document is designed to provide RITANZ members with an overview of the key obligations under the AML/CFT Act 2009, which comes into force for accountants on 1st Oct 2018, together with information regarding resources and some practical suggestions. This overview document focuses on the relevant aspects of AML compliance for members carrying out insolvency engagements and includes:

● a background of the New Zealand AML/CFT regime;
● some relevant obligations arising under the Act; and
● key factors for members to consider to comply with the Act.

Whilst we have done our best to make this document as comprehensive as possible, we do always strongly urge you to get your own expert advice on how best to manage and comply with these new requirements.

AML Overview Document

Code of Conduct

As part of its commitment to building professional excellence, the Restructuring Insolvency and Turnaround Association of New Zealand Inc. (RITANZ) has released its Code of Professional Conduct. The Code is the fundamental building block upon which the insolvency and restructuring profession sets and manages standards of professional conduct.

The Code is a living document. It will continue to be amended from time to time to reflect changes and developments in insolvency and restructuring law and practice. RITANZ welcomes feedback on the Code and its operation from all stakeholders.

The Code of Conduct came into effect on 1 July 2018 and is implemented by way of a By-Law .

Presentations

Apr 2019

Auckland Networking Event – Retentions in the Construction Sector: Ebert – a case study.

Presenters Lara Bennett, PwC and Rachel Pinny, Thorndon Chambers (see content on Resources – Members Only)

Mar 2019

Auckland Networking Event – Directors and financiers: conduct and culture under the microscope (Mainzeal).

Presenters Matt Kersey and Emmeline Rushbrook, Russell McVeagh (see content on Resources – Members Only)

Feb 2019

Auckland Networking Event – Governance in New Zealand

Presenters Linda Noble and John Horsley, Governance New Zealand (see content on Resources – Members Only)

Nov 2018

Auckland Networking Event – Duties of directors post liquidation

Presenters Kathleen Morrison, Meredith Connell (see content on Resources – Members Only)

Oct 2018

Auckland Networking Event – s261 and 266 Information Gathering by Liquidators

Presenters Kalev Crossland, Sheiff Angland and Peri Finnigan McDonald Vague (see content on Resources – Members Only)

Sep 2018

Auckland Networking Event – Contribution Claims under s301 – Underused remedy or more hassle than it is worth?

Presenters Duncan MacKenzie and Mihai Pascariu, MinterEllisonRuddWatts (see content on Resources – Members Only)

Jul 2018

Auckland Networking Event – Managing Conflict and Stress as Liquidators

Presenter – Lance Burdett (see content on Resources – Members Only)

 

Our Sponsors

RITANZ acknowledges the support of all of our sponsors.