Michael.1
Insolvency and related law and policy, and more

Michael Murray is an Australian author and commentator on corporate and personal insolvency law and related issues, in Australia and internationally. He has a strong law and policy background, is independent of any connections, and his views are his own. He gives no legal advice. 

Under the Trans-Tasman Mutual Recognition laws, licensed New Zealand insolvency practitioners should be able to practise in Australia …

New Zealand has a new insolvency practitioner regulation regime which commenced on 1 September 2020.  The regime has processes allowing Australian registered liquidators to be registered and to practise in New Zealand. See my Insolvency licensing bodies confirmed for New Zealand’s new regulatory regime

I am not aware of anything issued in Australia as to any reciprocation for NZ licensed practitioners to be able to take appointments here.

However in response to my question of the NZ Companies Office whether a New Zealand insolvency practitioner will be able to practise as an insolvency practitioner in Australia, the NZ Companies Office has said:

“Yes. In accordance with the Trans-Tasman Mutual Recognition Arrangement and associated state legislation, licensed New Zealand practitioners should be able to practise in Australia once they’ve applied for and been granted registration with the Australian regulator (ASIC) and meet[ing] relevant ongoing requirements”.

Some background to the NZ reforms and this issue, written in July 2019, can be found in my NZ’s 2019 Insolvency Practitioners Regulation Act and its cross-Tasman impact.

=========================

 

Share on facebook
Share on google
Share on twitter
Share on linkedin

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Popular

Featured

Stay Up To Date With Murrays Legal Commentary

Subscribe now