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Insolvency Law Reform Bill

The Bill repeals the Insolvency Act 1967 and amends the Companies Act 1993. The changes proposed in the Bill aim to modernise and improve the processes related to personal insolvency cases.

Bills formerly part of this bill: Companies Amendment Bill, Insolvency (Cross-border) Bill, Insolvency Bill.

Bill Events

Event Date Ayes Noes Abstentions
In Committee 12 Oct 2006,
24 Oct 2006 (resumed)
The Chairperson reported the Reserve Bank of New Zealand Amendment Bill without amendment, and that the Committee had divided it into two bills; the Communications Legislation Bill without amendment, and that the Committee had divided it into two bills; and the Insolvency Law Reform Bill with amendment, and that the Committee had divided it into two bills.

Report adopted.
Second Reading 5 Sep 2006,
13 Sep 2006 (resumed)
Bill read a second time. Ayes 71
Labour 50
NZ First 7
Green 6
Maori 4
United F. 3
Progres. 1
Noes 48
National 48
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SC Reports 10 Aug 2006 The Commerce Committee reported on this bill.
Submissions Due 7 Apr 2006
First Reading 21 Feb 2006 Bill read a first time.

Bill referred to the Commerce Committee.referred to Commerce Committee
Introduction 21 Dec 2005

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