Search Legislation

Insolvency (Amendment) Act (Northern Ireland) 2016

  • Explanatory Notes Table of contents

Please note:

All reference to 'Parts' and 'sections' are from the Insolvency (Amendment) Act (Northern Ireland) 2016. For other versions of these Explanatory Notes, see More Resources.

  1. Introduction

  2. Background and Policy Objectives

  3. Overview

  4. Commentary on Sections

    1. Section 1: Attendance at meetings and use of websites

      1. Article 208ZA

      2. Article 208ZB

      3. Article 345A

      4. Article 345B

    2. Section 2: References to things in writing

    3. Section 3: Removal of requirement for annual meetings in a members’ voluntary and a creditors’ voluntary winding up

    4. Section 4: Requirements in relation to meetings under Articles 81 and 84 of the Insolvency Order

    5. Section 5: Individual voluntary arrangements: removal of requirement to submit a nominee’s report to the High Court

    6. Section 6: Fast-track voluntary arrangements: notification of the Department

    7. Section 7: Powers of liquidator exercisable with or without sanction in a winding up

    8. Section 8: Powers of trustee exercisable with or without sanction in a bankruptcy

    9. Section 9: Definition of debt

    10. Section 10: Treatment of liabilities relating to contracts of employment

    11. Section 11: Deeds of arrangement

    12. Section 12: Bankruptcy: early discharge procedure

    13. Section 13: After-acquired property of bankrupt

    14. Section 14: Authorisation of insolvency practitioners

    15. Section 15: Regulatory objectives

    16. Section 16: Oversight of recognised professional bodies

    17. Section 17: Recognised professional bodies: revocation of recognition

    18. Section 18: Court sanction of insolvency practitioners in public interest cases

    19. Section 19: Power for Department to obtain information

    20. Section 20: Compliance orders

    21. Power to establish single regulator of insolvency practitioners

      1. Section 21: Power to establish single regulator of insolvency practitioners

      2. Section 22: Regulations under section 21: designation of existing body

      3. Section 23: Power to make regulations

      4. Section 24: Company arrangement or administration provision to apply to a credit union

      5. Section 25: Disqualification from office: duty to consult the Lord Chief Justice

    22. Section 26: Interpretation

    23. Section 27: Transitional provisions, minor and consequential amendments and repeals

    24. Section 28: Commencement

    25. Section 29: Short title

    26. Schedule 1: Single regulator of insolvency practitioners: supplementary provision

    27. Schedule 2: Transitional Provisions

    28. Schedule 3: Minor and Consequential Amendments

    29. Schedule 4: Repeals

  5. Hansard Reports

  • Explanatory Notes Table of contents

Back to top


Print Options


Explanatory Notes

Text created by the Northern Ireland Assembly department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the Northern Ireland Assembly.


More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources