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Statutes of Newfoundland 1996


CHAPTER 14

CHAPTER 14

AN ACT TO AMEND THE PUBLIC
ACCOUNTANCY ACT NO.2

(Assented to July 26, 1996)

Analysis

1. S.3(2) R&S
Licensing board

2. S.6 R&S
Quorum

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:


RSN1990 cP-35 as amended

1. Subsection 3(2) of the Public Accountancy Act is repealed and the following substituted:

(2) The board shall consist of 12 members appointed by the Lieutenant-Governor in Council, and of those members

(a) one member shall be nominated by and shall be a member of the Institute of Chartered Accountants of Newfoundland;

(b) one member shall be nominated by and shall be a member of the Certified General Accountants Association;

(c) one member shall be nominated by and shall be a member of the Society of Management Accountants of Newfoundland;

(d) 6 members shall be nominated by the minister,

(i) 2 of whom shall be members of the Institute of Chartered Accountants of Newfoundland,

(ii) 2 of whom shall be members of the Certified General Accountants Association, and

(iii) 2 of whom shall be members of the Society of Management Accountants of Newfoundland; and

(e) 3 members shall be nominated by the minister to represent the public, one of whom shall be appointed chairperson of the board.

2. Section 6 of the Act is repealed and the following substituted:

Quorum

6. Seven members constitute a quorum of the board.

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