Halifax New Zealand Limited (In Liquidation)
(New Zealand Company Number 2130897)
NZBN 9429032748079
("Halifax NZ")

Further information can be found at the KPMG Creditors website: :
https://home.kpmg/au/en/home/creditors/halifax-nz-limited.html

Background Information

Morgan Kelly, Stewart McCallum and Phil Quinlan were appointed administrators of Halifax NZ on 27 November 2018 pursuant to the Companies Act 1993 (the Act).

At the watershed meeting held on 22 March 2019, creditors resolved that the Company be wound up pursuant to Section 239ABA of the Companies Act 1993 and that the Administrators be appointed as Liquidators of the Company.
On 9 May 2019, Stewart McCallum retired as liquidator.

Update to Investors

The Liquidators have issued the Liquidators’ Fourth Report which provides an update on the progress of the liquidation to date and the status of the Court application process. This report is available for download at the following link: Liquidators’ Fourth Report

The Liquidators have issued a Report to Investors and Creditors and an Estimated Outcome Statement, which provides an update to Investors and creditors on the status of the liquidations of Halifax AU and Halifax NZ and the progress of the proceedings currently before the Federal Court of Australia and the High Court of New Zealand (the Courts) in relation to the distribution of Client Moneys. In addition to this report, the Liquidators have also prepared an Estimated Outcome Statement. These reports are available for download at the following links: Estimated Outcome Statement dated 31 August 2020 Estimated Outcome Statement dated 31 August 2020

The most recent update to investors is available for download at the following link: Update to Investors – 7 August 2020

To ensure all investors are kept informed, various Court documents, including those listed below, have been made available to investors at the following link: https://www.ferrierhodgson.com/au/creditors/halifax-new-zealand-limited

An originating application for directions (Directions Application) was filed in the NZHC on 25 September 2019 by Morgan Kelly and Philip Quinlan (in their capacities as liquidators of Halifax NZ and as trustees of a trust created by regulation 246 of the Financial Markets Conduct Regulations 2014) and Halifax NZ.

Copies of the following documents (with certain confidential information redacted from the affidavits and their exhibits in accordance with confidentiality orders made by the NZHC) can be found on the Halifax NZ website (links below):
    • Directions Application
    • Orders of the NZHC
    • Affidavit of Morgan John Kelly affirmed 24 September 2019
    • Exhibits to the affidavit of Morgan John Kelly (Volumes A and C)
    • Affidavit of Ian Phillip Sutherland sworn 24 September 2019 (including exhibits)
The New Zealand High court made Orders on 8 November 2019 requiring the issue of a notice to investors of the Halifax Group. The Liquidators have now issued the following correspondence to Investors of the Halifax Group:
    • Investor Update dated 15 November 2019; and
    • Investor Notice dated 15 November 2019
These documents are available at the following links:

Investor Queries

Should investors have any queries, please contact Link Market Services on:

Relevant Documents