36S Institute or other accredited body may recognise as qualified statutory accountants certain members of religious societies or orders

(1)

Subsection (2) applies if—

(a)

the Institute or another accredited body is satisfied that a person (A) is a practising member of a religious society or order whose doctrines or beliefs preclude membership of any organisation or body other than the religious society or order of which A is a member; and

(b)

the Institute or other accredited body has entered into a written arrangement with A that complies with section 36T; and

(c)

the Institute or other accredited body is satisfied that A—

(i)

has satisfactory competence, qualifications, and experience to act as a qualified statutory accountant; and

(ii)

is otherwise a fit and proper person to be a qualified statutory accountant.

(2)

The Institute or other accredited body may recognise A as a qualified statutory accountant by including a statement of that recognition in or with the arrangement under section 36T.

(3)

The recognition under subsection (2) ceases if—

(a)

the Institute or other accredited body ceases to be satisfied as referred to in subsection (1)(a) and gives written notice of that fact to A; or

(b)

the arrangement is terminated or otherwise comes to an end (unless a subsequent arrangement that complies with section 36T is entered into).

Section 36S: inserted, on 1 July 2015, by section 8 of the Financial Reporting Amendment Act 2014 (2014 No 64).