New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) While a levy order is in force, the Minister who recommended its making may, at the request of the industry organisation, appoint 1 or more auditors to conduct an audit of the affairs of all or any of the following:
(a) some or all of the persons collecting the levy:
(b) some or all of the persons who are or may be liable to pay the levy (whether or not as persons primarily responsible for paying it):
(c) both.
(2) While a levy order is in force, the Minister who recommended its making may, if a mediator has been appointed to resolve a dispute, appoint an auditor to conduct an audit of the affairs of all or any of the persons involved in the dispute.
(3) No person is qualified for appointment as an auditor unless the person is a chartered accountant (within the meaning of section 19 of the New Zealand Institute of Chartered Accountants Act 1996), or a member fellow or associate of an association of accountants constituted in some part of the Commonwealth outside New Zealand, and for the time being approved for the purpose of the audit of company financial statements by the Minister of the Crown who, under the authority of any warrant or with the authority of the Prime Minister, is for the time being responsible for the administration of the Companies Act 1993 by notice published in the Gazette.
(4) No officer or employee of any of the following persons or organisations shall be appointed an auditor:
(a) any industry organisation:
(b) any person engaged in the collection of levies under the levy order concerned:
(c) any person who is or may be liable to pay a levy under the levy order concerned.
(5) Every person appointed as an auditor shall be entitled to remuneration (paid by the industry organisation concerned) as provided in the relevant levy order.
Section 15(3): amended, on 7 July 2010, by section 10 of the New Zealand Institute of Chartered Accountants Amendment Act 2010 (2010 No 74).
Section 15(3): amended, on 1 October 1996, by section 23 of the Institute of Chartered Accountants of New Zealand Act 1996 (1996 No 39).
Section 15(3): amended, on 1 October 1995, by section 10(3) of the Department of Justice (Restructuring) Act 1995 (1995 No 39).
