Notice Type
General Notices
Notice Title

Notice of Decision of the Disciplinary Tribunal

of the Institute of Chartered Accountants of
New Zealand (Member Suspended)
At a hearing of the Disciplinary Tribunal of the Institute of Chartered Accountants of New Zealand held in private on the 30th day of June 2005, the tribunal considered an ex parte application from the Professional Conduct Committee under Rule 21.11 of the Rules of the Institute of Chartered Accountants of New Zealand, issued under the Institute of Chartered Accountants of New Zealand Act 1996, for the interim suspension from membership of Michael Stuart Henderson, chartered accountant of Tauranga, on the grounds that the interests of the public are at risk.
Evidence was presented to the tribunal to show that the member:
(a) was adjudicated bankrupt in the Tauranga High Court on the 22nd day of April 2005;
(b) entered into sale and purchase agreements with a number of parties in regard to property in which the deposit cheques that he paid bounced;
(c) lied to parties in regard to the reason the cheques were bouncing and also the reason he was purchasing the property; and
(d) appeared to be making G.S.T. claims with the Inland Revenue Department in relation to the property purchases.
Entering into sale and purchase agreements which the member was unable to complete, his failure to provide
the appropriate payments, and dishonesty as to the availability of such funds indicates that the interests of
the public are at risk.
The tribunal resolved unanimously, pursuant to Rule 21.20 of the Rules of the Institute of Chartered Accountants of New Zealand, to suspend the member until further order
of the tribunal.
Orders of the Tribunal
Pursuant to Rule 21.20 (a) of the Rules of the Institute of Chartered Accountants of New Zealand, the disciplinary tribunal ordered that Michael Stuart Henderson be suspended from membership of the institute until further order by the disciplinary tribunal.
Pursuant to Rule 21.20 (b) of the Rules of the Institute of Chartered Accountants of New Zealand, the disciplinary tribunal ordered that after 14 days had elapsed, notice of the suspension be published in the New Zealand Gazette,
the Chartered Accountants Journal and the Bay of Plenty Times.
Dated this 2nd day of August 2005.
R. J. O. HOARE, Tribunal Chairman.