About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Friday, December 9th, 4:05PM
rss
Latest Headlines

Harts in hands of liquidator

The sale of Harts New Zealand financial planning business has been thrown into doubt after the Australian parent company ran into more trouble.

Wednesday, October 3rd 2001, 6:43AM

The sale of Harts New Zealand financial planning business has been thrown into doubt after the Australian parent company ran into more trouble.

The Federal Court in Australia yesterday appointed a provisional liquidator to Harts Australia, a day after the board put the company in the hands of voluntary administrators.

The court appointed John Greig and Robert Duff of Deloittes Touche Tomatsu as provisional liquidators following an application from the Australian Securities and Investment Commission (ASIC).

ASIC sought the appointment of a provisional liquidator to ensure there was an "independent consideration of the best interests of investors and creditors".

Harts had put the company into the hands of a voluntary administrator the day before because some of its deals looked like falling over after publicity about the ASIC application.

"It was necessary to appoint a voluntary administrator to the company as it had been advised that certain finance facilities available to the company had been withdrawn due to the publicity surrounding the Australian Securities and Investment Commission's (ASIC) application to the Federal Court," Harts executive chairman Steve Hart said.

The company was in the process of selling certain assets, including the New Zealand business, to free up for the business.

« We're winnersSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Back to the novel for holiday reading
    “Couldn't agree more - but if there was an issue with the 'sales' reference, then some direct reference to 'product' in the...”
    21 hours ago by dcwhyte
  • CFFC calls for seven changes to KiwiSaver
    “I tell Kiwisavers not to put more into kiwisaver than the minimum needed to get the maximum subsidy. Kiwisaver is locked...”
    23 hours ago by Murray Weatherston
  • Back to the novel for holiday reading
    “David Yes, a list needs only one item on it to be a list. With no items it doesn't exist and therefore it can't be...”
    23 hours ago by Murray Weatherston
  • CFFC calls for seven changes to KiwiSaver
    “Yeah I thought it was pretty lightweight. Standard stuff from the Ministry of Financial Capability. For example “CFFC...”
    1 day ago by Brent Sheather
  • Back to the novel for holiday reading
    “Hi Murray, Of course the two terms are not the same - I agree. In the spirit of Christmas, I was merely adopting Rob...”
    1 day ago by dcwhyte
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.59 4.75 4.95 5.15
ANZ Special - 4.25 4.45 -
ASB Bank 5.65 4.69 4.99 5.29
ASB Bank Special - 4.29 4.49 4.79
BankDirect 5.65 4.69 4.99 5.29
BankDirect Special - 4.29 4.49 4.79
BNZ - Mortgage One 6.25 - - -
BNZ - Rapid Repay 5.70 - - -
BNZ - Special - 4.29 4.45 4.65
BNZ - Std, FlyBuys 5.64 4.85 4.95 5.15
BNZ - TotalMoney 5.64 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 4.99 4.99 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.60 4.85 4.90 -
Housing NZ Corp 5.55 4.69 4.75 ▲4.99
HSBC Premier 5.75 4.19 4.19 4.49
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.25 4.70 4.75 4.75
Kiwibank - Capped - - - -
Kiwibank - Offset 5.25 - - -
Kiwibank Special - 4.19 ▲4.39 ▲4.75
Liberty 5.69 - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.10 4.85 4.99 -
NZ Home Loans 5.45 4.69 4.75 ▲5.00
NZ Home Loans - Specials - - - -
Lender Flt 1yr 2yr 3yr
NZ Home Loans - Specials - 4.19 ▲4.39 ▲4.75
Perpetual Trust 7.70 - - -
Resimac 5.19 4.94 4.90 4.91
SBS Bank 5.54 4.75 4.89 4.99
SBS Bank Special - 4.25 4.29 4.35
Sovereign 5.75 4.69 4.99 5.29
Sovereign Special - 4.29 4.49 4.79
The Co-operative Bank 5.45 4.39 4.45 4.79
TSB Bank 5.54 4.75 4.75 4.99
TSB Special - 4.25 4.19 4.59
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 5.65 4.79 4.90 5.09
Westpac - Capped rates - 5.15 5.25 -
Westpac - Offset 5.65 - - -
Westpac Special - 4.25 ▲4.39 ▲4.75
Median 5.65 4.69 4.75 4.95

Last updated: 7 December 2016 7:40am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com