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Financial Services Quarterly
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New maximum priority amounts for preferential claims by creditors
The maximum priority amount that applies to certain preferential claims by creditors of a company in liquidation or by creditors of a bankrupt person, has been increased from $15,000 to $16,420.
This revised figure is to take into account the overall percentage increase in average weekly earnings in the private sector.
The regulations effecting this change came into force on 30 September 2006.
Enquiries and information
For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.
Disclaimer
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.
