This law is about changing the rules for receivers. You might wonder what a receiver is. A receiver is a person who takes control of someone's property or business when they cannot pay their debts.
The law wants to make sure receivers do their job fairly and follow the rules. It says how receivers should act and what they can and cannot do.
You can find more information about what receivers can do in [other parts of the law](link to other section). This law is trying to make the rules for receivers clearer and easier to understand.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM327640.
1: Short Title and commencement, or
"What the law is called and when it started"
The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.
Note 4 at the end of this version provides a list of the amendments included in it.
This Act is administered by the Ministry of Business, Innovation, and Employment.
