This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on 15 December 2014, declares Chartered Accountants Australia and New Zealand to be the specified association for the purposes of the New Zealand Institute of Chartered Accountants Act 1996 (the Act).
The Act provides for—
the delegation of functions of the New Zealand Institute of Chartered Accountants (the Institute) to the specified association:
the membership rules of the Institute to require membership of the specified association:
certain members of the Council or the Executive Board of the Institute to act in the best interests of the specified association rather than of the Institute.
Regulatory impact statement
The Ministry of Business, Innovation, and Employment produced a regulatory impact statement on 13 May 2013 to help inform the decisions taken by the Government relating to the contents of this instrument.
A copy of this regulatory impact statement can be found at—
Date of notification in Gazette: 11 December 2014.
This order is administered by the Ministry of Business, Innovation, and Employment.