Submissions
Purpose of the Discussion Document
1. This discussion document has been prepared by the Ministry of Economic Development in consultation with other government agencies. The document is the latest public document on the topic of business rehabilitation, which is one issue that is being considered as part of the Government's review of insolvency law.
2. This document follows three earlier documents - David Brown's report to the Ministry of Economic Development, Corporate Rescue (November 2000); the Law Commission's study paper, Insolvency Law Reform: Promoting Trust and Confidence (May 2001); and an economic review of the Law Commission's paper by the consultancy Charles Rivers Associates (Asia Pacific Ltd) (June 2001).
3. Public consultation on those earlier documents undertaken in 2000/2001 has been inconclusive. In particular, there was not widespread support for the targeted rehabilitation regime outlined in the Law Commission's paper. The Ministry therefore considers that further policy development would be aided by seeking stakeholders views on possible design options for a new business rehabilitation regime. This document therefore aims to provide a broad outline of the policy options available for a possible new business rehabilitation regime and the design issues relating to those options.
Making a Submission
4. The Ministry invites written submissions on the issues and questions raised in this discussion document from any interested parties. The closing date for submissions is Friday, 19 July 2002. After submissions have been received, they will be evaluated, and further comments as required will be obtained from submitters before the Ministry develops recommendations for the Government to consider on the issue of business rehabilitation.
5. Submissions should be sent either by email in Microsoft Word version 2000 or lower to darren.baars@med.govt.nz, or in hard copy to:
Business Rehabilitation
Attention: Darren Baars
Ministry of Economic Development
PO Box 1473
WELLINGTON |
| Tel: | 04-470 2313 |
| Fax: | 04-471 2658 |
Official Information Act and Privacy Act Requirements
6. The contents of submissions provided to the Ministry in response to this discussion paper will be subject to the provisions of the Official Information Act 1982 and the Privacy Act 1993. If the Ministry receives a request for information contained in a submission, it would be required to consider release of the submission, in whole or in part, in terms of the criteria set out in these Acts.
7. In providing your submission, please advise if you have any objections to the release of any information contained in your submission, and if you do not object, the parts of your submission you would wish withheld and the grounds for withholding that information.
Disclaimer
8. Any statements made or views expressed in this discussion document are those of the Ministry of Economic Development and do not reflect Government policy. Readers are advised to seek advice from a qualified professional before undertaking any action in reliance on the contents of this discussion paper. While every effort has been taken to ensure that the information set out in this paper is accurate, the Crown does not accept any responsibility whether in contract, tort, equity or otherwise for any action taken, or reliance placed on, any part, or all, of the information in this paper or for any error in or omission from this paper.
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