Provincial Finance Limited (in Receivership), Consumer Credit Limited (in Receivership) and South Auckland Cars Limited (in Receivership) enquiries

This Web site is your primary source of information related to the receivership of:

• Provincial Finance Limited (in Receivership)
• Consumer Credit Limited (in Receivership)
• South Auckland Cars Limited enquiries (in Receivership)

Latest information:

• 22 August 2008: Provincial Finance Returns 90.5c To Investors – Receivership Nears Completion
• 31 July 2008: Receivers’ Report on the State of Affairs of Provincial Finance Limited, Consumer Credit Limited and South Auckland Cars Limited (All In Receivership) Pursuant to Section 24 of the Receiverships Act 1993
• 12 June 2008: Update to Debenture Holders
• 19 March 2008: Update to Debenture Holders
• 30 January 2008: Receivers’ Report on the State of Affairs of Provincial Finance Limited, Consumer Credit Limited and South Auckland Cars Limited (All In Receivership) Pursuant to Section 24 of the Receiverships Act 1993
• 14 December 2007: Media Release: Provincial Finance Receivers Update Investors
• 14 September 2007: Update to Debenture Holders
• 30 July 2007: Receivers’ Report on the State of Affairs of Provincial Finance Limited, Consumer Credit Limited and South Auckland Cars Limited (All In Receivership) Pursuant to Section 24 of the Receiverships Act 1993
• 11 June 2007: Update to Debenture Holders
• 22 March 2007: Update to Debenture Holders
• 12 February 2007: Media Release: Provincial Finance Receivers Forecast Further Repayment to Investors
• 5 February 2007 - Receivers’ Report on the State of Affairs of Provincial Finance Limited, Consumer Credit Limited and South Auckland Cars Limited (All In Receivership)
• 1 December 2006 - Media Release: Provincial Finance Receivers Make Second Repayment to Investors
• 21 September 2006 Media Release: Provincial Finance Receivers Make Interim Repayment to Investors
• 1 September 2006 - Reminder to Investors to Provide Bank Account Information for Distributions

The receivers are intending to make the first partial repayment to investors at the end of September.

All investors have been sent a letter detailing their investments along with a 'tear -off' strip on which they were requested to provide their bank account details.

If they have not done so already, investors are reminded to send their completed tear off slips to Provincial Finance, PO Box 25-113, Christchurch, without delay.

If for any reason an investor has not received the letter with tear-off slip, or have mislaid or misplaced it, they should contact the Investment Team at Provincial, phone 0800 26 23 26 for a replacement.

Thank you for your assistance.


• 10 August 2006 Receivers' Report
• 13 July 2006 Update: To Advisors of Provincial Finance Limited (in Receivership)
• 23 June 2006 Letter: Receivers' letter to redeemable preference shareholders of Provincial Finance Limited (In Receivership)
• 9 June 2006 Press Release: Update on the Receivership of Provincial Finance Limited (in Receivership)
• 2 June 2006 Press Release: Receivership of Provincial Finance Limited (in Receivership)