New Zealand Institute of Chartered Accountants (Specified Association) Order 2014

2014/392

Coat of Arms of New Zealand

New Zealand Institute of Chartered Accountants (Specified Association) Order 2014

Jerry Mateparae, Governor-General

Order in Council

At Wellington this 8th day of December 2014

Present:
His Excellency the Governor-General in Council

Pursuant to section 8A of the New Zealand Institute of Chartered Accountants Act 1996, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council and on the recommendation of the Minister of Commerce and Consumer Affairs made in accordance with section 8A(2) of that Act, makes the following order.

Order

1 Title
  • This order is the New Zealand Institute of Chartered Accountants (Specified Association) Order 2014.

2 Commencement
  • This order comes into force on 15 December 2014.

3 Chartered Accountants Australia and New Zealand declared to be specified association
  • (1) Chartered Accountants Australia and New Zealand is declared to be the specified association for the purposes of the New Zealand Institute of Chartered Accountants Act 1996.

    (2) In this clause, Chartered Accountants Australia and New Zealand means the association of accountants continued as referred to in Supplemental Royal Charter dated 26 November 2014 under the name Chartered Accountants Australia and New Zealand.

Michael Webster,
Clerk of the Executive Council.


Explanatory note

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—


Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 11 December 2014.

This order is administered by the Ministry of Business, Innovation, and Employment.