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Revised Statutes of Newfoundland 1990


CHAPTER C-10

AN ACT RESPECTING THE MERGER OF THE MEMBERSHIP OF THE CERTIFIED PUBLIC ACCOUNTANTS ASSOCIATION OF NEWFOUNDLAND WITH THE MEMBERSHIP OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NEWFOUNDLAND

Analysis

1. Short title

2. Definitions

3. Institute to continue in being

4. Association to continue

5. Membership in association

6. Membership in institute

7. Offence


Short title

1. This Act may be cited as the Chartered Accountants and Certified Public Accountants Merger Act.

RSN1970 c35 s1

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Definitions

2. In this Act

(a) "association" means the Certified Public Accountants Association of Newfoundland;

(b) "council" means the Council of the Institute; and

(c) "institute" means The Institute of Chartered Accountants of Newfoundland.

RSN1970 c35 s2

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Institute to continue in being

3. The Institute of Chartered Accountants of Newfoundland shall continue to be a body corporate, subject to this Act and to the Chartered Accountants Act, and to the by-laws, resolutions, rules and regulations made under the Chartered Accountants Act, but on July 4, 1967 the members of the institute shall be the persons who are then members and the persons who are made members by this Act.

RSN1970 c35 s3

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Association to continue

4. The Certified Public Accountants Association of Newfoundland shall continue to be a body corporate, subject to this Act and to the Certified Public Accountants Act and to the by-laws, resolutions, rules and regulations made under the Certified Public Accountants Act, but on July 4, 1967 the members of the association shall be the persons who are then members and the persons who are made members by this Act.

RSN1970 c35 s4

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Membership in association

5. A person who is a member in good standing of the association and is certified as such by the secretary-treasurer of the association shall automatically become a member of the institute and that person shall not be required to pay the fee usually payable with respect to admission to the institute.

RSN1970 c35 s5

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Membership in institute

6. (1) A person who is a member in good standing of the institute and is certified as such by the secretary of the institute shall automatically become a member of the association and that person shall not be required to pay the fee usually payable with respect to admission to the association.

(2) On and after July 4, 1967, the only persons eligible to become members of the association shall be members in good standing of the institute.

RSN1970 c35 s6

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Offence

7. (1) A person shall not have the right to use the designation "Certified Public Accountant" or to use after his or her name the initials "C.P.A." indicating that the person is a Certified Public Accountant or take or use a name, title or description implying that he or she is a member of the association unless the person has the written consent of the council certified by the secretary of the council.

(2) A person who fails to comply with or otherwise contravenes subsection (1) is guilty of an offence and liable on summary conviction to a fine of $200 and in default of payment to imprisonment for 3 months for a 1st offence, and to a fine of $500 and in default of payment to imprisonment for 6 months for a subsequent offence.

RSN1970 c35 s7

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