Hon Paul Goldsmith
Government Bill
180—3D
As reported from the committee of the whole House
Bill note
1 Title
2 Commencement
·····
40 Principal Act
41 Section 2 amended (Interpretation)
41A New section 2A inserted (Transitional, savings, and related provisions)
2A Transitional, savings, and related provisions
42 Section 5 amended (Functions of Institute)
43 New sections 5A to 5C inserted
5A Duty to control and regulate profession of accountancy practised by members in New Zealand
5B Institute must perform duty to control and regulate profession but may delegate other functions
5C Specified association may act in its own interests rather than Institute's interests
44 Section 6 amended (Rules of Institute)
45 Section 7 amended (Code of ethics)
46 New section 7A inserted (Membership rules may require membership of specified association)
7A Membership rules may require membership of specified association
47 Section 8 amended (Application of Part 3 of Legislation Act 2012 to certain rules and code of ethics)
48 New sections 8A and 8B and cross-heading inserted
Provisions concerning specified association
8A Specified association
8B Members of Council or Executive Board may act in best interests of specified association rather than Institute
49 Section 15 repealed (Accountants and auditors must be qualified)
50 Sections 21 to 24 and Schedules 3 to 5 repealed
50A New Schedule inserted
51 Schedule 1 amended
Schedule 1ANew Schedule inserted
Legislative history
The Parliament of New Zealand enacts as follows: