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Child Support Act 1991

Amendments to other Acts - Amendment to Companies Act 1955

245: Preferential payments

You could also call this:

“The law changed how some people get paid first when a company runs out of money”

The Child Support Act 1991 made a change to the Companies Act 1955. This change was about preferential payments. Preferential payments are special payments that some people or groups might get before others when a company doesn’t have enough money to pay everyone. The exact details of what was changed aren’t given here, but it’s important to know that this law update happened.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM257705.

Topics:
Family and relationships > Children and parenting Business > Industry rules Money and consumer rights > Banking and loans
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"Government can get back money spent on looking after kids in care"

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Part 15 Amendments to other Acts
Amendment to Companies Act 1955

245Preferential payments

  1. Amendment(s) incorporated in the Act(s).