Insolvency practitioners
Statutory work, on a statutory clock.
Liquidations, voluntary administrations, receiverships, and personal insolvencies run on deadlines that are not negotiable. Marco Reid wires the timetable, the creditor register, the recovery analysis, and the regulator filings into one workspace — so the practitioner can run more files without dropping a single statutory step.
Appointment to deregistration.
Five phases. Every notice drafted from the appointment record. Every deadline on the master calendar. Every recovery analysis cited to the section that authorises it.
Day 0 — appointment
Open the file in minutes
Court order, resolution, or appointment instrument uploaded. Marco identifies the appointment type (liquidation, VA, receivership, bankruptcy), seeds the statutory timetable, and creates the creditor register, asset register, and remuneration ledger automatically.
Day 1–7 — statutory notices
Section notices, drafted and posted
NZ s255 / s256 Companies Act 1993 notices and AU s497 / s436E Corporations Act 2001 notices drafted from the appointment record. Mail-merged to creditors, posted to ASIC or the Companies Office, lodged with the Insolvency and Trustee Service where required.
Investigation phase
Books, records, and recoveries
Bank statements pulled via Akahu (NZ) or Basiq (AU). Marco reconciles director loan accounts, related-party transactions, voidable preferences, and uncommercial transactions — then drafts the s295 / s588FE recovery letters and the report to creditors.
Creditor meetings
Notices, proxies, polls
Meeting notice, proxy form, and explanatory memorandum drafted. Online attendance via Zoom-or-Teams capture with synchronised minutes. Voting on resolutions, committee of inspection elections, and remuneration approvals tallied and recorded against the resolution.
Distribution
Priority waterfall, dividends, finalisation
Preferential creditors (employees, IRD, ATO) ranked by statute. Secured creditor positions reconciled against PPSR (NZ) and PPSA (AU) registrations. Dividend calculations, IR / ATO clearance, final report to creditors, and deregistration application generated and lodged.
Built in, not bolted on.
The statutes, the regulator codes, and the registries that govern an appointment — not as reference material, but as the spine of the workflow.
- ✓NZ Companies Act 1993 — ss239AA–256 liquidation regime, ss239A–239ADW voluntary administration
- ✓AU Corporations Act 2001 — Pt 5.3A administration, Pt 5.4–5.4B liquidation, Pt 5.2 receivership
- ✓AU Bankruptcy Act 1966 — Pt IV personal bankruptcy, Pt X personal insolvency agreements
- ✓Insolvency Practitioners Regulation Act 2019 (NZ) — licensing, accreditation, complaints
- ✓ASIC RG 16 / RG 217 — remuneration disclosure and external administrators' reports
- ✓ARITA Code of Professional Practice — every step keyed to the relevant paragraph
- ✓PPSR (NZ) and PPSA (AU) lookups built into the secured-creditor reconciliation
- ✓Statutory deadline calendar — every notice, report, and meeting on the master timetable
Filings, generated and lodged.
Every regulator form drafted from the same underlying record so the numbers tie out across ASIC, the Companies Office, AFSA, IR, and the ATO.
ASIC Form 524
Presentation of accounts and statement — generated from the receipts and payments ledger.
ASIC Form 5602/5603/5604
External administrator's report and statutory report to creditors.
NZ Companies Office
Six-monthly liquidator's report (s255), final report (s257), and notice of completion.
Insolvency and Trustee Service NZ
Bankruptcy administration filings, summary instalment orders, no-asset procedure status.
AFSA (AU)
Bankruptcy administration filings, debt agreement annual returns, personal insolvency agreement records.
IR / ATO
Pre-appointment tax positions reconciled, GST and PAYE/PAYG arrears computed, clearance requested before final distribution.
Marco Reid is a workspace for licensed insolvency practitioners. It does not itself accept appointments or sign reports. Every output is reviewed and signed by the appointed practitioner before release.
More files. Same compliance posture.
Most insolvency practices grow by hiring more analysts. Marco Reid lets the same partner run more files without losing the statutory rigour that keeps the practice insurable.