Companies Auditors and Liquidators Disciplinary Board Act 1982 (Tas)

Companies Auditors and Liquidators Disciplinary Board Act 1982

An Act to provide for the constitution of a board to be known as the Companies Auditors and Liquidators Disciplinary Board, to prescribe the powers of the Board, and to provide for related matters [Royal Assent 30 June 1982]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

1. Short title This Act may be cited as the Companies Auditors and Liquidators Disciplinary Board Act 1982 .

2. Commencement This Act shall commence on the same day as that fixed under section 2 (2) of the Companies (Application of Laws) Act 1982 .

3. Interpretation In this Act, except in so far as the context or subject-matter otherwise indicates or requires – Board means the Companies Auditors and Liquidators Disciplinary Board constituted by section 4 ; the Code means the Companies (Tasmania) Code ; the regulations means regulations made and in force under this Act.

4. Constitution of Board (1) There is constituted by this Act a board to be known as the "Companies Auditors and Liquidators Disciplinary Board". (2) The Board shall consist of 3 members, of whom – (a) one shall be an Australian lawyer who has practised as an Australian legal practitioner for not less than 5 years; (b) subject to subsection (3) , one shall be selected from a panel of 3 persons nominated by the Tasmanian State Council of the Institute of Chartered Accountants in Australia; and (c) subject to subsection (3) , one shall be selected from a panel of 3 persons nominated by the Tasmanian Division of the Australian Society of Accountants. (3) If, after being requested to do so by the Minister, the Tasmanian State Council of the Institute of Chartered Accountants in Australia or the Tasmanian Division of the Australian Society of Accountants fails to nominate a panel of persons in accordance with subsection (2) within such period as may be specified in the request, the Minister may make the nomination in its place. (4) The members of the Board shall be appointed by the Governor. (5) The member referred to in subsection (2) (a) shall be the Chairman of the Board. (6) Schedule 1 has effect with respect to the Board.