of the Institute of Chartered Accountants of
New Zealand (Member Guilty of Being Adjudicated Bankrupt)
At a hearing of the Disciplinary Tribunal of the Institute of Chartered Accountants of New Zealand held in public on
the 1st day of March 2006, at which the member was not in attendance and was not represented by counsel, Robert Barrie Johnson, of Wellington, pleaded guilty to the following charge and admitted the following particular.
Charge
THAT in terms of the Institute of Chartered Accountants of New Zealand Act 1996 and the Rules made thereunder, and in particular Rule 21.30:
The member was adjudicated bankrupt.
Particular
IN THAT on or about the 12th day of August 2005,
the member was adjudicated bankrupt in the Wellington High Court.
Reason
The member has pleaded guilty to the charge and admitted the particular, and it was noted that there is no evidence of misconduct. The bankruptcy of a member is not consistent with the values and profile of the institute and it does reflect badly on the profession. The tribunal ordered that the member be suspended from membership of the institute until he is discharged from bankruptcy and that the decision of the tribunal be published in the Chartered Accountants Journal, the New Zealand Gazette and the Dominion Post.
Orders of the Tribunal
Pursuant to Rule 21.31 (b) of the Rules of the Institute of Chartered Accountants of New Zealand, the disciplinary tribunal ordered that Robert Barrie Johnson be suspended from membership for the duration of his bankruptcy.
In accordance with Rule 21.35 of the Rules of the Institute of Chartered Accountants of New Zealand, the disciplinary tribunal directed that the decision of the tribunal be published in the Chartered Accountants Journal, the
New Zealand Gazette and the Dominion Post with mention of the member’s name and locality.
Right of Appeal
Pursuant to Rule 21.41 of the Rules of the Institute of Chartered Accountants of New Zealand which were in force at the time of the original notice of complaint, the member may, not later than 14 days after the notification of this tribunal to the member of the exercise of its powers, appeal in writing to the appeals council of the institute against
the decision.
No decision other than the direction as to publicity shall take effect while the member remains entitled to appeal or while any such appeal by the member awaits determination by the appeals council.
Dated this 6th day of March 2006.
R. J. O. HOARE, Tribunal Chairman.
Important Notice: New Zealand Institute of Chartered Accountants is the operating name of the Institute of Chartered Accountants of New Zealand.