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Legislative Assembly of New Brunswick
Status of Legislation - First Reading Bill
An Act to Amend An Act Respecting The Certified General Accountants' Association of New Brunswick *
 
Legislature :
55
Session :
2
Bill No. :
46
Member :
Mr. Stiles
First Reading :
2005-5-13
Second Reading :
2005-5-25
Committee of the Whole :
Amended :
Third Reading :
2005-5-25
Royal Assent :
2005-6-3
Download PDF :
  Bill 46         
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Text of Bill :
WHEREAS the Certified General Accountants' Association of New Brunswick prays that it be enacted as hereinafter set forth;



AND WHEREAS it is desirable to amend An Act Respecting The Certified General Accountants' Association of New Brunswick to improve the administration of the Association;



THEREFORE Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of New Brunswick, enacts as follows:



1(1)                   The title of the French version of An Act Respecting The Certified General Accountants' Association of New Brunswick, chapter 86 of the Acts of New Brunswick, 1986, is repealed and the following is substituted:



Loi sur l'Association des comptables généraux accrédités du Nouveau-Brunswick



1(2)                   Where in any Act other than this Act, or in any regulation, rule, order, by-law, agreement, or other instrument or document, reference is made to Loi sur l'Association des comptables généraux licenciés du Nouveau-Brunswick, or Loi sur les comptables généraux licenciés, it shall be read, unless the context requires otherwise, as a reference to this Act.



2                           The second paragraph of the preamble of the French version of the Act is amended by striking out "que soit prorogée, à titre de corporation sous la raison sociale « Association des comptables généraux licenciés du Nouveau-Brunswick »" and substituting "que cette association soit prorogée à titre de corporation".



3                           The following provisions of the French version of the Act are amended by striking out wherever it appears "comptable général licencié" and substituting "comptable général accrédité" and by striking out wherever it appears "comptables généraux licenciés" and substituting "comptables généraux accrédités":



(a)               the second paragraph of the preamble;



(b)               section 1;



(c)               subsection 2(1)



(i)         in the definition « Association »,



(ii)       in the definition « client »,



(iii)    in the definition « comptable général licencié »,



(iv)      in the definition « exercice de l'activité de comptable général licencié »,



(v)       in the definition « incapacité »,



(vi)      in the definition « incompétence »,



(vii)    in the definition « membre », and



(viii)   in the definition « spécialiste »;



(d)               subsection 2(2);



(e)               section 3;



(f)                subsection 4(1);



(g)               subsection 5(1)



(i)         in the portion preceding paragraph a),



(ii)       in subparagraph a)(ii),



(iii)    in paragraph g),



(iv)      in subparagraphs j)(ii), (iii) and (iv),



(v)       in paragraphs m), o) and v), and



(vi)      in clause p)(i)(D);



(h)               subsection 6(1);



(i)                subsection 10(2);



(j)                paragraphs 11(1)a), b), d) and e);



(k)               subsection 11(2);



(l)                subsections 12(1), (2), (3) and (5);



(m)             section 13;



(n)               section 14;



(o)               section 16;



(p)               subsection 17(1)



(i)         in the portion preceding paragraph a), and



(ii)       in paragraph b);



(q)               subsection 18(3);



(r)               section 19;



(s)               paragraph 20(4)b);



(t)                paragraphs 21(1)a) and b);



(u)               subsections 21(4), (5) and (8);



(v)               subsection 22(2);



(w)             subsections 23(1), (2) and (3);



(x)               subsection 24(1);



(y)               paragraphs 25(1)a), b), c) and d);



(z)               paragraph 31c);



(aa)            section 34;



(bb)            subsection 35(1)



(i)         in subparagraphs a)(v) and (vi), and



(ii)       in paragraph b);



(cc)            subsection 37(4);



(dd)            paragraphs 37(8)a) and i);



(ee)            paragraph 48(1)e);



(ff)             subsection 50(1);



(gg)            section 53 in the portion preceding paragraph a); and



(hh)            subsections 60(1), (2), (3), (4) and (5).



4                           Section 2 of the Act is amended



(a)               in subsection (1)



(i)         by repealing the definition "member" and substituting the following:



"member" means a certified general accountant and any person whose name is entered in the temporary register, specialists register or in any of the rosters established and maintained pursuant to this Act, the bylaws or rules, and includes for the purposes of applying the provisions of this Act such persons who are permitted by the Act, bylaws or rules to carry on, in association, partnership or other prescribed arrangements with a certified general accountant or professional corporation, the practice of a certified general accountant, or such aspects thereof as may be prescribed;



(ii)       in the definition "professional misconduct" of the English version by striking out ";;" and substituting ";";



(iii)    in the definition "Rules of Professional Conduct" of the English version by striking out the period at the end of the definition and substituting a semicolon;



(iv)      in the definition "specialist" of the English version by striking out "specialists licence" and substituting "specialist's licence";



(v)       by repealing the definition « firme » in the French version;



(vi)      by adding the following definition in the French version in alphabetical order:



« cabinet » désigne un praticien autonome, une entreprise individuelle, une société en nom collectif ou une corporation;



(vii)    by adding the following definitions in alphabetical order:



"multi-designation practice" means an accounting practice, whatever legal form or forms it may take, in which a certified general accountant or professional corporation carries on the practice of accounting in association with one or more members of a recognized society in accordance with such terms, conditions and limitations as may be prescribed;



"recognized society" means an accounting body within or outside of Canada that has been designated as a recognized society under subsection 12(6);



(b)               in subsection (2) of the French version by striking out "Loi" wherever it appears and substituting "loi".



5                           Section 5 of the Act is amended



(a)               in subsection (1)



(i)         in paragraph b) of the French version by adding italics to "fellows";



(ii)       in paragraph d) of the French version by striking out "offir" and substituting "offrir";



(iii)    in paragraph k) of the French version by striking out "firme" wherever it appears and substituting "cabinet";



(iv)      in subparagraph (o)(iv) of the English version by striking out "specialists licence" and substituting "specialist's licence";



(v)       in clause p)(i)(E) of the French version by striking out the semicolon at the end of the clause and substituting a comma; and



(vi)      in subparagraph (p)(ii) of the English version by striking out the period at the end of the subparagraph and substituting a semicolon; and



(b)               in subsection (4) of the French version by striking out "A cette" and substituting "À cette".



6                           Section 12 of the Act is amended by adding after subsection (5) the following:



12(6)               The Board may from time to time prescribe as recognized societies, particular accounting bodies within or outside Canada which have



(a)               educational, practical experience and examination requirements for membership, and



(b)               professional standards and requirements for admission to and continuance of membership,



which are acceptable to the Board.



12(7)               The Board may at any time remove the designation of a particular accounting body made pursuant to subsection (6).



12(8)               The Board may from time to time make bylaws and rules respecting multi-designation practices and permitting persons who are members of a recognized society to engage in the practice of accounting with certified general accountants and professional corporations in accordance with such terms, conditions and limitations as may be prescribed.



12(9)               The Board may from time to time make bylaws and rules permitting, governing and regulating the terms and conditions by which certified general accountants and professional corporations may carry on the practice of certified general accounting through or by means of a limited liability partnership.



7                           Paragraph 20(4)(c) of the Act is repealed and the following is substituted:



(c)                prescribing the qualifications of persons who may be shareholders, officers and directors of a professional corporation and regulating and governing the ownership of shares in a professional corporation.



8                           Section 21 of the Act is amended



(a)               in subparagraph (1)b)(iii) of the French version by striking out "firme" and substituting "cabinet";



(b)               by repealing subsection (2) and substituting the following:



21(2)               Subject to such conditions and limitations as may be prescribed, the legal and beneficial ownership of a majority of the issued shares of a professional corporation shall be vested in one or more members or one or more professional corporations or both and shall entitle such member or members or professional corporations to elect all of the directors of the professional corporation.



(c)               in subsection (3) by striking out "who" after "member" and substituting "or professional corporation that";



(d)               in subsection (5) of the French version by striking out "aide-comptables" and substituting "aides-comptables";



(e)               in subsection (7) by striking out the portion after paragraph (d) and substituting the following:



the professional corporation has one hundred and eighty days or any longer period as may be allowed by the Board from the date of the death, striking off, removal, suspension, revocation or resignation, as the case may be, in which to fulfill the condition, failing which the Registrar shall revoke the licence of the professional corporation.



(f)                in subsection (8) of the French version by striking out "qui" and substituting "laquelle"; and



(g)               in subsection (9) of the English version by striking out "professionelle" and substituting "professionnelle".



9                           Section 23 of the Act is amended by striking out "certified general accountant" wherever it appears and substituting "member".



10                        Subsection 25(3) of the French version of the Act is amended by adding italics to "fellow".



11                        Section 27 of the French version of the Act is amended by striking out "falacieux" and substituting "fallacieux".



12                        Section 28 of the French version of the Act is amended by striking out "6" and substituting «six».



13                        The heading preceding section 31 of the English version of the Act is amended by striking out "Exemptions" and substituting "EXEMPTIONS".



14                        Subparagraph 35(1)a)(vi) of the French version of the Act is repealed and the following is substituted:



(vi)      de toute conduite contrevenant aux dispositions de la présente loi, des règlements administratifs ou des règles, ou



(vii)    de toute habitude le rendant inapte à exercer l'activité de comptable général accrédité ou incapable de le faire; ou



15                        Paragraph 36a) of the French version of the Act is amended by striking out "rescrit" and substituting "prescrit".



16                        Section 39 of the English version of the Act is amended by striking out "licencing" and substituting "licensing".



17                        Subsection 41(3) of the French version of the Act is amended



(a)               by striking out "A l'exception" and substituting "À l'exception"; and



(b)               by striking out «de toute autre personne ou organisme» and substituting "de toute autre personne ou de tout autre organisme".



18                        Subsection 45(1) of the French version of the Act is amended by striking out "accordée" and substituting "accordé".



19                        Form A of the French version of the Act is amended by striking out "que A.B. paie les dépens de afférents à une enquête" and substituting "que A.B. paie les dépens de                         afférents à une enquête".




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Legend
* Private Bill
** Bill referred to Standing Committee on Law Amendments
+ Private Member's Public Bill
++ Motion for second reading defeated
+++ Debate at second reading adjourned
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