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New Zealand Legislation: Acts

Acts are laws made by Parliament

Reprint as at 1 August 2008

Institute of Chartered Accountants of New Zealand Act 1996

Public Act	1996 No 39
Date of assent	24 June 1996

Note

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

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

This Act is administered in the Treasury

Contents

1 Short Title and commencement

2 Interpretation

3 Act to bind the Crown

Institute of Chartered Accountants of New Zealand

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

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

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

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[Repealed]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Enactments relating to Fidelity Fund repealed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Enactments repealed

An Act to—

(a) Continue the New Zealand Society of Accountants under the name Institute of Chartered Accountants of New Zealand; 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

BE IT ENACTED by the Parliament of New Zealand as follows: