Brent Norling

So the official Asani is like the government liquidator and they exclusively manage personal bankruptcies as well.

they have probably less resources than the IRD, and they're just dumping all of these insolvencies into this other government department, and that has struck them off in three months and not really doing anything.

And so that also tells me there's not going to be results and recoveries for creditors in these companies as well, or less chances.

So, you know, I'm...

More, yeah.

I mean, one of the most extreme cases that I saw was posted about this on LinkedIn.

The guy incurred about $57 million in tax debt with his company.

The IAD appointed the official assignee as liquidator.

They did that in September last year.

By December, the official assignee struck that company off.

And the report just simply says, we tried to reach the director.

He didn't reply to us.

There's nothing to see here.

And they just struck it off.

A Herald reporter latched onto that, managed to get the financial statements of that company.

That director was taking $7 million a year in salary.

On his current account, he had brought a couple of mil of gold bullion as well, but that's not even being investigated or pursued as far as I'm aware because the company got struck off.

There's cases like that that I'm starting to see more of that I just don't think bodes well for the general small business economy.

Um, I don't know.

Um, kind of, it has to be a point in a, in a government department like the IID where there's diminishing marginal returns to any more money.