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.
Public Consultation now open - Licensing of IP's
Consultation is now open on the discussion paper for the minimum standards and conditions for the licensing of insolvency practitioners.
The Insolvency Practitioners Regulation Act 2019 was passed by Parliament in June 2019 and is expected to come into force in June 2020. This Act’s scheme will establish licensing requirements, effective ways for holding insolvency practitioners to account, and will raise standards of insolvency practice over time.
This discussion paper seeks feedback on proposed minimum standards to prescribe the competence and experience that an insolvency practitioner will need to meet before that person can be licensed, the conditions that may be imposed on licences, and requirements for continuing professional development.
Once the Registrar has considered submissions, the final standards and conditions will be made by the Registrar by notice in the Gazette.
Submissions close on 13 December 2019.
The Annual Corporate Insolvency and Restructuring Conference is the premier professional development event for the New Zealand restructuring and insolvency market and was recently held at SkyCity in May 2019. 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.
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RITANZ acknowledges the support of all of our sponsors.