Halifax New Zealand Limited (Administrators Appointed)
(New Zealand Company Number 2130897)
NZBN 9429032748079
("Halifax NZ")

Further information can be found at the Ferrier Hodgson website:
https://www.ferrierhodgson.com/au/creditors/halifax-new-zealand-limited

To update or change your Halifax NZ contact detailsplease click here

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).

The appointment follows the appointment of Messrs Kelly, McCallum and Quinlan as Voluntary Administrators on 23 November 2018 to Halifax New Zealand’s counter-party Halifax Investment Services Pty Ltd in Australia.
The effect of the appointment is that the Administrators now control the Company’s assets, operations and undertakings.

Extension of the convening period

On 18 December 2018, the High Court of New Zealand (the Court) granted the Administrators an extension of the convening period to 29 March 2019 pursuant to Section 239AT(3) of the Companies Act 1993 (the Act).

A copy of sealed orders and notice can be found on the Ferrier Hodgson website:
https://www.ferrierhodgson.com/au/creditors/halifax-new-zealand-limited

In accordance with the orders, the Watershed meeting must be convened by 29 March 2019 and
held on or before 5 April 2019.

A report pursuant to Section 239AU of the Act and a notice of meeting will be sent to the Company’s creditors at least five working days prior to the Watershed meeting.

In circumstances where we feel that our investigations have progressed sufficiently to do so, the Administrators’ report and notice of meeting may be issued prior to the above dates.

Update to Investors

An update to investors is available for download at the following link: Update to Investors Report 12th March 2019

Voluntary Administrator’s Report

The Voluntary Administrator’s Report (Administrators Report) pursuant to Insolvency Practice Rules (Corporations) 2016 75-225 and Section 438A of the Corporations Act 2001 is now available for download at the following link: Administrators Report 14th March Halifax NZ

The purpose of the Administrators Report is to table the findings of our investigations of the Company’s business, property, affairs and financial circumstances, as well as our opinion on the options available to creditors in deciding the future of the Company at the Second Meeting of Creditors which include, on whether:

  • The Company should execute a DOCA;
  • The Administration should end; or
  • The Company should be wound up.

Watershed Meeting

Details of the Watershed Meeting are as follows:

Date: Friday, 22 March 2019
Time: 10:00am (NZDT)
Location: SkyCity Grand Auckland Convention Centre, Room New Zealand 2, Level 5, 88 Federal Street, Auckland, 1010, New Zealand.

Registration for the meeting may take some time. We encourage creditors to arrive at the meeting for registration from 9:00am (NZDT).

There will be a live webcast link so that creditors can view the meeting remotely, if they wish. Subject to providing the relevant proof of debt and proxy documents (if you have not done so already) no later than 10.00am (AEDT) on 20 March 2019 to Link Market Services at halifaxnz@linkmarketservices.com.au, creditors will be able to access the webcast via the following link: https://webcast.openbriefing.com/5145/

Creditors will be able to ask questions via the webcast, however, please note that due to the technological limitations, creditors will not be able to vote via the webcast. Creditors may view the meeting by webcast and participate in voting by nominating a proxy to attend the meeting in person and vote on their behalf.

Investor Queries

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