Date posted: 9/12/2019 4 min read

NZ Regional Council report to members

A summary of the New Zealand Regional Council’s report to members presented at the NZ Region 2019 Annual General Meeting.

In Brief

  • CA ANZ committed to help shape the future of the profession, including promoting and protecting the CA designation
  • NZ Region highlights included 87 submissions made by the New Zealand Tax Team
  • The New Zealand Regional Council has been re-named the New Zealand Council and its composition amended to improve representation

The New Zealand Region 2019 Annual General Meeting was held in October. The following is a summary of the New Zealand Regional Council's report to members.

CA ANZ 2019 overview

Throughout the year the organisation has committed to help shape the future of the profession. CA ANZ undertook the following:

Recognition:

  • Promoted your designation in the marketplace;
  • Advocated in legislative, regulatory and public policy arenas on issues that can affect the profession; and
  • Advocated in the public interest and on Members' behalf.

Protected the CA brand:

  • Maintained professional standards and the Code of Ethics;
  • Set rigorous entry requirements to the profession;
  • Monitored the profession through conduct and regulatory functions; and
  • Offered professional guidance and technical support.

Supported future talent:

  • Set rigorous entry standards for our flagship Chartered Accountants Program;
  • Promoted careers in business, finance and Chartered Accounting (e.g. Young Enterprise Scheme);
  • Offered the Achiever Program and Mentor Exchange for young Members; and
  • Developed Flexible Pathways initiative for the CA Program.

Kept members connected and informed:

  • Maintained member connections and learning opportunities, including CPD;
  • Offered local networking programmes and events;
  • Developed My CA digital hub;
  • CA Catalyst program; and
  • Improved Member Support Team operation.

New Zealand Region highlights

Tax:

  • 87 written submissions were made by the CA ANZ New Zealand Tax Team, on topics including Inland Revenue's Business Transformation and three tax bills;
  • Oral submissions including presentations to Parliamentary Select Committees; and
  • Successful advocacy on Tax Working Group process.

Anti-Money Laundering:

  • Continued delivery of webinars, seminars, tools and resources for Members to assist in compliance.

Brand campaign:

  • "Choose a Chartered Accountant" campaign ran across New Zealand during September – November 2018 and April – June 2019;
  • We partnered with Stuff.co.nz to run the 2019 Top 30 Accounting Firms and Small Business Month;
  • There was a 3% uplift in awareness among target audiences as measured by our Brand Health Index research;
  • Release of "Marketing Your Practice" guide in early 2019.

Professional Conduct:

  • During the year, CA ANZ received 337 complaints, 100 of which related to New Zealand members.
  • Of the 100 complaints, 84 originated from the public with the remainder arising from other members, other regulators or internal inquiries.
  • 91 complaints about New Zealand members were resolved in the year. 85% of these were resolved at the Professional Conduct Committee stage, either following investigation or having been concluded at the preliminary phase.
  • 15% of the complaints were resolved by the Disciplinary Tribunal or Appeals Council.

Diversity:

  • Continued support of the Ngā Kaitatau Māori o Aotearoa (NKMoA – National Māori Accountants Network) in New Zealand;
  • Along with NKMoA we offered two scholarships during the year - Whanganui UCOL student Aaron McGregor received the $5,000 Ngā Raumanako Māori Scholarship and Lincoln University's Fiona Pahl received the $6,000 Suzanne Spencer Memorial Māori Scholarship; and
  • Continued support of Women of Influence Awards through sponsorship of the diversity award.

Governance Changes:

  • Resulting from the member vote earlier in 2019:
    • The New Zealand Regional Council has been re-named the New Zealand Council and composition amended to improve representation with 12 elected members from around New Zealand and four members appointed by the New Zealand Council;
    • Local Leadership Teams have been re-named Local Committees and are now appointed by the New Zealand Council rather than elected by members. The maximum size of these groups has been increased and terms of members increased from one to three years.
    • These changes will apply from 1 January 2020; and
    • NZICA Rules were amended to improve effectiveness, strengthen alignment with the By-Laws and enable legislative future proofing.

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