Members of the Institute of Chartered Accountants Australia (ICAA) and the New Zealand Institute of Chartered Accountants (NZICA) have overwhelmingly voted in favour of the proposal to amalgamate and create One New Institute.
Members of both Institutes voted throughout October 2013 on the proposal to create a single trans-Tasman Chartered Accountants Institute. The following results have been independently scrutinised and are confirmed:
- ICAA – 37,423 (61.5%) members voted. 77.95% voted for the proposal.
- NZICA – 16,876 (58.7%) members voted. 69.61% voted for the proposal.
Before transition to the New Institute is complete, the necessary changes to the NZICA Act and Royal Charter in Australia must be secured. These are expected to be complete by April 2014.
Source: ICAA media release, 1 November 2013
[LTN 213, 4/11]