New Zealand Institute of Chartered Accountants Act 1996 No 39 (as at 07 July 2010), Public Act

Reprint as at 7 July 2010

New Zealand Institute of Chartered Accountants Act 1996

Public Act1996 No 39
Date of assent24 June 1996
Commencementsee section 1
  • Act name: substituted, on 7 July 2010, by section 5(1)(a) of the New Zealand Institute of Chartered Accountants Amendment Act 2010 (2010 No 74).


Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

This Act is administered by the Ministry of Economic Development.


Contents

Title

1 Short Title and commencement

2 Interpretation

3 Act to bind the Crown

New Zealand Institute of Chartered Accountants

4 Continuation of Society as Institute

5 Functions of Institute

6 Rules of Institute

7 Code of ethics

8 Application of Regulations (Disallowance) Act 1989 to certain rules and code of ethics

Matters relating to disciplining of members

9 Professional Conduct Committee and disciplinary bodies to observe rules of natural justice

10 Evidence at hearings of disciplinary bodies

11 Disciplinary bodies may summon witnesses

12 Protection for members of disciplinary bodies and others

13 Enforcement of orders

Offences

14 Improper use of terms implying membership of Institute

15 Accountants and auditors must be qualified

16 Failure to comply with summons of disciplinary body

Appointment of agent to conduct practice of sole practitioner

17 Agent may be appointed to conduct sole practitioner’s practice

Miscellaneous provisions

18 References to Society

18A References to Institute of Chartered Accountants of New Zealand

19 References to chartered accountants

20 Fees payable to Registrar

21 Fidelity fund

22 Transitional provision relating to disciplinary proceedings

23 Amendments to other Acts

24 Repeals

Schedule 1
Appointment of agent to conduct sole practitioner’s practice

Schedule 2
Amendments to New Zealand Society of Accountants Amendment Act 1963

[Repealed]

Schedule 3
Enactments relating to fidelity fund repealed

Schedule 4
Enactments amended

Schedule 5
Enactments repealed

Reprint notes


An Act to—

  • (a) continue the New Zealand Society of Accountants under the name New Zealand Institute of Chartered Accountants; and

  • (b) require the Institute to have rules governing membership, discipline, and other matters and a code of ethics governing the professional conduct of its members; and

  • (c) prohibit the use of terms implying membership of the Institute by persons who are not members; and

  • (d) provide for related matters; and

  • (e) repeal the New Zealand Society of Accountants Act 1958

  • Title paragraph (a): amended, on 7 July 2010, by section 4 of the New Zealand Institute of Chartered Accountants Amendment Act 2010 (2010 No 74).