Date posted: 24/08/2023

CA ANZ Professional Standards Scheme Update

An update to members in public practice on the professional standards scheme.

In brief

  • Amendment to the operation date of the scheme
  • No gap in scheme coverage
  • One year extension to the scheme will be sought.

In July 2023, the Professional Standards Council (PSC) advised CA ANZ that the commencement date for our current Professional Standards Scheme (Scheme) was 13 July 2019 not 8 October 2019, as previously understood.  This is because the commencement date was triggered by the date our Scheme was gazetted, being 12 July 2019.   Members can be reassured there is no gap in Scheme coverage as a result of this changed date. CA ANZ is intending to seek approval for a one-year extension of our current Scheme to July 2025 to allow us to work with the PSC to progress a re-make of our Scheme to July 2030.  We continue to have a positive and respectful relationship with the PSC and the staff of the Professional Standards Authority and are not aware of any impediments to both the extension and Scheme re-make being approved in due course.  

If you have any questions about our Scheme or your obligations

Please contact the Professional Standards team.

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