Crown Asset Management Ltd (CAML) was incorporated on 14 February 2012 and commenced business in May 2012. CAML was established to acquire, manage and realise all of the assets from six of the eight finance companies under the Crown Retail Deposit Guarantee Scheme acquire, manage and realise certain assets of Southern Response, and provide a better return to the Crown by operating in a manner that maximises returns and minimises costs.
CAML acquired the assets of the following companies that went into receivership:
- South Canterbury Finance Ltd
- Allied Nationwide Finance Ltd
- Mascot Finance Ltd
- Vision Securities Ltd
From 1 July 2015 the Treasury took over the responsibility for the management of CAML's historic records.
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Key Company Information
|Entity Form||Crown-owned company|
|Primary Legislation||Schedule 4A of the Public Finance Act 1989;
Companies Act 1993;
Crown Entities Act 2004