New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) Each society must establish an inspectorate that at any time consists of those persons that are appointed to it from time to time under subclause (2).
(2) Each society must, by written notice to the person and after any consultation that it considers desirable,—
(a) appoint any person having such legal or accounting qualifications and experience as the society considers necessary to its inspectorate as an inspector on any terms and conditions, including terms and conditions as to salary, fees, or expenses, that the society considers appropriate; and
(b) remove any person from the appointment.
(3) The inspectorate has the functions, duties, rights, and powers that are prescribed by these regulations.
(4) Subject to any resolution of the relevant society, each inspectorate may determine its own procedure.
(5) Except as otherwise expressly provided in these regulations, any inspector appointed to an inspectorate under subclause (2) may, either alone or together with any other inspector, exercise or perform any function, duty, right, or power of the inspectorate.
(6) A certificate signed on behalf of the relevant society to the effect that a person is an inspector of one of the inspectorates is, unless the contrary is proved, sufficient evidence that the person is such an inspector.
(7) Every practitioner who is in practice as a sole practitioner or in partnership, or as a voting shareholder of an incorporated firm, or who is employed by a practice, on making application in any year for a practising certificate, must, in addition to all other fees payable by the practitioner, pay the fee from time to time fixed by resolution of the relevant society for the purposes of the inspectorate.
(8) For the purposes of subclause (7), each society may—
(a) fix different fees for different classes of practitioner as determined by the society:
(b) decide not to fix any fee for any class or classes of practitioner as determined by the society.
(9) The inspectorates must report on their operations to the relevant society at the times and in the form required from time to time by the societies.