Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Brent Norling

👤 Speaker
496 total appearances

Appearances Over Time

Podcast Appearances

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Uh, sometimes, uh, yes.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Um, sometimes no.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Um, but I'd say majority of the time it will include interest and penalties.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Yeah.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Yeah, the liquidator, they have to do a report when they're appointed and then every six months after that.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

So in there, they'll talk about the reasons for the failure.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

They'll talk about the things that they're investigating.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

So it could be, you know, direct duty breaches, that kind of stuff.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Then they'll talk around the assets and

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

the likely realizations.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

And then probably the most useful part, because a lot of it's just templated, the most useful part is there's a table in there which details the realizations and distributions.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

So you get to see a breakdown of everything that's come in and everything that's gone out.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Yeah.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Yeah.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

I think a big part of it is the IRD is notoriously slow in its collection process, and it will span years.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

And so I think people get a sense of false confidence around that, that it's been a couple of years, they're going to have a couple more.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

The reality is it's just a matter of time until the IRD get to.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

They do have a long list.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

But they are, they're in catch up mode.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

I mean, I said highest liquidations in 15 years and the IRD make up 70% of those core applications.