Proposal
1. This paper seeks Cabinet approval for two sets of regulations to be made pursuant to the Insolvency Act 2006 and the Companies Amendment Act 2006, and changes to fees under the Companies Act 1993 Liquidation Regulations 1994. The new regulations prescribe various matters relating to bankruptcy and other personal insolvency proceedings, and two matters relating to the new voluntary administration procedure for companies. Approval is also sought for Orders-in-Council to bring the Insolvency Act and the changes made to the Companies Act by the Companies Amendment Act into force.
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