Citation and commencement
1. This order may be cited as the Insolvency Practitioners and Insolvency Account (Fees) (Amendment) Order (Northern Ireland) 2011 and comes into operation on 31st January 2012.
Amendment of the Insolvency Practitioners and Insolvency Account (Fees) Order (Northern Ireland) 2006
2. Subject to article 5, the Insolvency Practitioners and Insolvency Account (Fees) Order (Northern Ireland) 2006 (1) is amended in accordance with articles 3 and 4.
Fees payable in connection with the recognition of professional bodies pursuant to Article 350 of the 1989 Order
3. In article 2 for paragraph (2) substitute—
“(2) On or before 1st April 2012 and on or before 1st April in each subsequent year, there shall be paid to the Department by each body recognised pursuant to Article 350 of the 1989 Order in respect of the maintenance of that body’s recognition pursuant to that Article, a fee calculated by multiplying £60 by the number of persons who as at 1st January in that year were authorised to act as insolvency practitioners by virtue of membership of that body.”.
Fees payable in connection with the operation of the Insolvency Account
4. In the Schedule, in paragraph 2, in the Table of Fees—
(a)in relation to Fee No. 1 (banking fee; winding up by the High Court and bankruptcy), for “£15.00” substitute “£18.00”;
(b)after the entry in respect of Fee No. 1B insert the following entry—
| “1C | Payment of unclaimed dividends or other money – voluntary winding up Where any money is paid into the Insolvency Account pursuant to regulation 3B, that payment shall be accompanied by a fee in respect of each company to which it relates of— | £25.00”; |
(c)in relation to Fee No. 2 (cheque etc. issue fee), for “£0.80” substitute “£1.00”.
Transitional provisions
5. The amendments made by article 4 only apply in respect of payments into or out of the Insolvency Account on or after 31st January 2012.
Sealed with the Official Seal of the Department of Enterprise, Trade and Investment on 4th November 2011.
Michael J Bohill
A senior officer of the
Department of Enterprise, Trade and Investment
The Department of Finance and Personnel concurs
Sealed with the Official Seal of the Department of Finance and Personnel on 4th November 2011.
Michael Daly
A senior officer of the
Department of Finance and Personnel