The Insolvency Practitioners and Insolvency Account (Fees) (Amendment) Order (Northern Ireland) 2011

Document Number:2011 No. 389
Coming into force:Coming into force on the 04/11/2011
 
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Statutory Rules of Northern Ireland

Insolvency

Made

4 th November 2011

Coming into operation

31 st January 2012

The Department of Enterprise, Trade and Investment (1) , with the concurrence of the Department of Finance and Personnel, makes the following Order in exercise of the powers conferred by Articles 361(3) and 361 A(1) , (3) and (5) of the Insolvency (Northern Ireland) Order 1989(2).

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 31 st 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 (3) 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 1 st April 2012 and on or before 1 st 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 1 st 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. 1 B insert the following entry—

    Payment of unclaimed dividends or other money – voluntary winding up

    Where any money is paid into the Insolvency Account pursuant to regulation 3 B, that payment shall be accompanied by a fee in respect of each company to which it relates of—

    (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 31 st January 2012.

    Sealed with the Official Seal of the Department of Enterprise, Trade and Investment on 4 th November 2011.

    Michael J Bohill

    A senior officer of the

    Department of...

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