scholarly journals Maximising stakeholder value in personal insolvency (a New Zealand perspective)

2021 ◽  
Author(s):  
◽  
Quentin Stobart Haines

<p>Personal insolvency law in New Zealand has had some recent amendments that have been successful in reducing the number of bankruptcies. With the rise in consumer bankruptcies and insolvencies, both in New Zealand and internationally many historic insolvency laws and practices are outdated.  Balancing the obligations of debtors with the relief of a proactive insolvency regime while satisfying stakeholders is difficult. If relief is too easily accessed there is a risk of abuse of the system. If relief is too difficult to obtain there will be unnecessary suffering and a potential loss of economic motivation for the insolvent.  A new model of personal administration is argued as the best mechanism for maximising stakeholder value. Such a system if entered through a restrictive gateway would cease any concern of abuse.</p>

2021 ◽  
Author(s):  
◽  
Quentin Stobart Haines

<p>Personal insolvency law in New Zealand has had some recent amendments that have been successful in reducing the number of bankruptcies. With the rise in consumer bankruptcies and insolvencies, both in New Zealand and internationally many historic insolvency laws and practices are outdated.  Balancing the obligations of debtors with the relief of a proactive insolvency regime while satisfying stakeholders is difficult. If relief is too easily accessed there is a risk of abuse of the system. If relief is too difficult to obtain there will be unnecessary suffering and a potential loss of economic motivation for the insolvent.  A new model of personal administration is argued as the best mechanism for maximising stakeholder value. Such a system if entered through a restrictive gateway would cease any concern of abuse.</p>


2001 ◽  
Vol 10 (2) ◽  
pp. 213-240 ◽  
Author(s):  
Manying Ip Wardlow Friesen

The new Chinese community in New Zealand (formed since 1987) is made up of immigrants from the People's Republic of China, Taiwan, Hong Kong and Malaysia as well as other countries. Initially looked upon as harbingers of the “Asian economic miracle” by the New Zealand government, the new arrivals met with numerous unforeseen difficulties. This article is based on the findings of surveys and in-depth interviews in which the primary migrants were asked about their motives for migration, the economic and social outcomes of their migration, their perception of the comparative strengths of their native land and New Zealand, and their long-term view on settlement and return migration. The surveys are also set against background statistics from the 1996 census as well as immigration figures up to 2000. The findings challenge the assumption of the importance of the economic motivation of migration, and point to the primacy of social and environmental factors. They also suggest that transnationalism is a long-term strategy, instead of a temporary expediency, but also that most Chinese migrants in New Zealand have tried to integrate with the host society when possible.


Author(s):  
Jian Zhang ◽  
Dick Beetham ◽  
Grant Dellow ◽  
John X. Zhao ◽  
Graeme H. McVerry

A New empirical model has been developed for predicting liquefaction-induced lateral spreading displacement and is a function of response spectral displacements and geotechnical parameters. Different from the earlier model of Zhang and Zhao (2005), the application of which was limited to Japan and California, the new model can potentially be applied anywhere if ground shaking can be estimated (by using local strong-motion attenuation relations). The new model is applied in New Zealand where the response spectral displacement is estimated using New Zealand strong-motion attenuation relations (McVerry et al. 2006). The accuracy of the new model is evaluated by comparing predicted lateral displacements with those which have been measured from aerial photos or the width of ground cracks at the Landing Road bridge, the James Street loop, the Whakatane Pony Club and the Edgecumbe road and rail bridges sites after the 1987 Edgecumbe earthquake. Results show that most predicted errors (defined as the ratio of the difference between the measured and predicted lateral displacements to the measured one) from the new model are less than 40%. When compared with earlier models (Youd et al. 2002, Zhang and Zhao 2005), the new model provides the lowest mean errors.


2021 ◽  
Author(s):  
◽  
Dominic Alessio

<p>"Coloured Views" is a comparative and multidisciplinary examination of the motives and methods of New Zealand's urban boosters between 1880 and 1930. It looks at the positive image of the country's cities and towns rendered in the literature and art of the period, and compares it with other British Dominions as well as with America. Such optimistic images were considered vital to urban growth by promoters who were intent on inducing increased immigration, tourism and investment to their cities and towns. In addition to economic motivation, it will also be argued that the boosters in New Zealand were imbued to an unusual degree by dreams of creating an urban utopia in their New World, one that was free from the influences of vices typically associated with the Old World. In examining perceptions of urban New Zealand, this thesis also attempts to revert the imbalance in New Zealand historiography which has generally ignored cities and towns or which has assumed that all debate about them was negative. It undertakes a study of a wide array of promotional sources, including material which has never before been examined, such as motion pictures and foreign language texts. "Coloured Views" attempts to show that cities and towns had their ardent defenders in New Zealand as well as their critics. The study concludes with an examination of modern booster techniques in order to emphasise the topicality of the subject matter.</p>


2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 419-419
Author(s):  
Paul Rouse ◽  
Matthew Parsons

Abstract Internationally, Home Care is invariably funded through fee-per-service, e.g., if an hour of care is delivered, the provider receives an associated amount of funding. However, the funding model discourages reductions in packages-of-care when a client’s functional capacity improves, and further disincentivises providers to discharge clients. Similarly, staff income is often directly associated to the delivered hours-of-care and if a client’s hours are reduced, so is their income; again, discouraging the right behaviour, such as reporting improvements in independence levels. In 2008 in New Zealand, we developed a case-mix funding methodology and have been progressively implementing the new model since that time. This presentation highlights the findings in relation to how Home Care service hour allocations titrate against needs following implementation of the model as well as a number of other key quality outcomes that have been observed as a result of the case-mix model.


Author(s):  
D. J. Dowrick ◽  
D. A. Rhoades

This paper presents a new approach to modelling the spatial distribution of intensities in crustal earthquakes, using a distributed source. The source is represented by one or two rectangular fault rupture planes of chosen dip, discretised into small rectangles each with its own share of the total seismic moment, and modelling chosen distributions of asperities. The Modified Mercalli (MM) intensity of shaking is represented by isoseismals. Comparisons are made with the actual isoseismals (particularly of intensities MM9 and MM10) of selected large historical crustal New Zealand earthquakes and those predicted by the simpler models of Dowrick & Rhoades (2005). Important differences and insights are found regarding near-source spatial distributions of ground shaking of shallow earthquakes with rupture length greater than about 28 km (Mw > 6.8) with any dip, and for Mw > c. 5.5 with dip < 60º. The influence of asperities relative to that of non-asperities is seen as modest near-fault increases in intensity. The new model can be applied to planar or biplanar fault ruptures of any length, width and dip. In the absence of isoseismal data on large earthquakes with normal focal mechanisms the current model is only verified for use on strike-slip and reverse events. A new concept, seismic-source intensity, is introduced and utilized. The new model can also be applied to earthquakes in other regions of the world with adjustments for local attenuation rates as necessary.


Author(s):  
Warwick D. Smith

The attenuation model for Modified Mercalli intensities that is currently in use in New Zealand (Dowrick & Rhoades, 1999) was developed from the available intensity data from large local earthquakes in New Zealand, but it does not represent well the intensity patterns that are expected when large earthquakes occur on long faults (length 20 km or more). This is because very few such events have occurred in New Zealand in historical times. An attempt to account for elongated source geometries has resulted in a model which provides a plausible extension to the Dowrick & Rhoades model. It also addresses detail in the intensity data from New Zealand's four largest historical earthquakes, that has not previously been accounted for. In development of the new model, stochastic terms have been added to represent the effects of asperities or areas of large slip on the rupture surface and to account for uncertainty in the fitting of the original data.


2021 ◽  
Author(s):  
◽  
Dominic Alessio

<p>"Coloured Views" is a comparative and multidisciplinary examination of the motives and methods of New Zealand's urban boosters between 1880 and 1930. It looks at the positive image of the country's cities and towns rendered in the literature and art of the period, and compares it with other British Dominions as well as with America. Such optimistic images were considered vital to urban growth by promoters who were intent on inducing increased immigration, tourism and investment to their cities and towns. In addition to economic motivation, it will also be argued that the boosters in New Zealand were imbued to an unusual degree by dreams of creating an urban utopia in their New World, one that was free from the influences of vices typically associated with the Old World. In examining perceptions of urban New Zealand, this thesis also attempts to revert the imbalance in New Zealand historiography which has generally ignored cities and towns or which has assumed that all debate about them was negative. It undertakes a study of a wide array of promotional sources, including material which has never before been examined, such as motion pictures and foreign language texts. "Coloured Views" attempts to show that cities and towns had their ardent defenders in New Zealand as well as their critics. The study concludes with an examination of modern booster techniques in order to emphasise the topicality of the subject matter.</p>


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