Consultation
The following government agencies have been consulted on the policy proposals discussed in this RIS: The Treasury, Department for Courts, Ministry of Consumer Affairs, Ministry of Justice, Inland Revenue Department, Te Puni KÅkiri, Ministry of Social Development, Department of Labour and the Department of Prime Minister and Cabinet. Their views and comments have been integrated into this RIS.
Consultation was also undertaken on the policy proposals discussed in this RIS on the basis of a public discussion document on business rehabilitation, which was released in May 2002. A total of 18 submissions were received on this discussion document from government departments and business sector groups. There were no substantive issues raised in the submissions and the majority of submissions were supportive of New Zealand co-ordinating with the Australian VA procedure (as per option four).
There have previously been other discussion documents on business rehabilitation prepared by the Law Commission and an insolvency law specialist at Victoria University on which the Ministry of Economic Development has received public submissions and comments.
Two consultation seminars were held with key stakeholders with an interest in business rehabilitation and credit management issues in Auckland on 17 July 2002 and in Wellington on 22 July 2002. The aim of these seminars was to solicit stakeholders views on the policy proposals for the reform of New Zealand's business rehabilitation presented in this paper.
Consultation on the policy proposals for a reformed business rehabilitation regime presented in this paper has also been undertaken with officials from the Australian Treasury and other key government and occupational agencies in Australia with an interest in insolvency and business rehabilitation issues. These Australian stakeholders do not perceive any substantive problems in co-ordinating New Zealand's business rehabilitation regime with the Australian Voluntary Administration regime.
Back to Top