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Companies Act 1993

Voluntary administration - Administrator's duty to file accounts and summary reports

239ACZB: Administrator must file summary report

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“Administrator must write and submit a final report about the company's administration”

When a company goes through voluntary administration, someone called an administrator helps manage the company’s affairs. This law says that when the administrator finishes their job, they need to write a report. This report is important because it tells people what happened during the administration.

You need to write this report if you were the administrator when the administration ended, or if you were in charge of a special agreement called a deed of company arrangement when it finished.

After you’ve finished all your work as the administrator, you need to give this report to the Registrar as soon as you can. The Registrar will tell you how to send it to them.

The report you write needs to include specific information that the law says must be in there. This is called the ‘prescribed information’.

If you don’t write and send this report, you’re breaking the law. This is serious, and you could be punished. The punishment for not doing this is written in another part of the law called section 373(2).

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS411375.

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Part 15A Voluntary administration
Administrator's duty to file accounts and summary reports

239ACZBAdministrator must file summary report

  1. This section applies to—

  2. a person who is the administrator at the end of an administration; and
    1. a person who is the deed administrator on the termination of a deed of company arrangement.

      1. As soon as practicable after completing his or her duties in relation to the administration or deed of company arrangement (as the case may be), the person must provide to the Registrar, in the manner specified by the Registrar, a summary report.

      2. The summary report must contain the prescribed information.

      3. A person who fails to comply with this section commits an offence and is liable on conviction to the penalty set out in section 373(2).

      Notes
      • Section 239ACZB: inserted, on , by section 24 of the Insolvency Practitioners Regulation (Amendments) Act 2019 (2019 No 28).