Receiverships Act 1993

29: Notice of end of receivership

You could also call this:

"Telling the Registrar when a receivership is over"

When a receivership ends, you must tell the Registrar within 7 days. You do this by sending or delivering a written notice that says the receivership has stopped. The person who was the receiver at the end of the receivership is responsible for sending this notice.

If you do not send this notice, you can get in trouble and have to pay a fine of up to $10,000. This is because you have broken the law by not telling the Registrar that the receivership has ended. You will have to go to court and might have to pay the fine if you are found guilty.

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This page was last updated on 18 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM327740.

Topics:

Money and consumer rights > Banking and loansBusiness > Industry rules

28: Duty to notify suspected offences against other Acts, or

"Telling someone when you think a law has been broken"

30: Preferential claims, or

"Paying some people first when a company is in trouble"

29Notice of end of receivership

Not later than 7 days after a receivership ceases, the person who held office as receiver at the end of the receivership must send or deliver to the Registrar notice in writing of the fact that the receivership has ceased.
Every person who fails to comply with subsection (1) commits an offence and is liable on conviction to a fine not exceeding $10,000.

Notes

Section 29(1): amended, on 1 September 2020, by section 72 of the Insolvency Practitioners Regulation (Amendments) Act 2019 (2019 No 28).
Section 29(2): amended, on 1 July 2013, by section 413 of the Criminal Procedure Act 2011 (2011 No 81).