8 APRIL NEW ZEALAND GAZETTE 1021

General Notices

Swiss Fe Australia Limited

Proposed Release of Deposit

Pursuant to the Life Insurance Act 1908

Swiss Fe Australia Limited (hereinafter called “the company”), has given notice to the public trustee that it has ceased to carry on the business of insurance in New Zealand and that it proposes to withdraw, pursuant to section 12 of the Act, the deposit which has been made by it with the public trustee.

The public trustee therefore gives notice, pursuant to section 12 of the Act, that being satisfied that all liabilities of the company in New Zealand in respect of such insurance business have been fully liquidated or provided for he proposes to release to the company on or after the 7th day of May 1999, the amount deposited with him by the company.

Any objections to the release of the amount deposited should be lodged with the public trustee at the Public Trust Office, 117–125 Lambton Quay, Wellington 1, on or before the 23rd day of April 1996.

Dated at Wellington this 29th day of March 1999.

B. J. BLACKTOP, Deputy Public Trustee.

gn2544

Notice of Decision of the Disciplinary Tribunal of the Institute of Chartered Accountants of New Zealand

At a hearing held on the 23rd day of July 1998, the disciplinary tribunal of the Institute of Chartered Accountants of New Zealand heard 4 charges against Gavin Richard O’Dea of Hawera.

The charges related to the member’s conduct of his accountancy practice and the administration of finance companies through that practice.

Gavin Richard O’Dea appeared before the disciplinary tribunal and pleaded not guilty to all charges.

After hearing submissions on behalf of the professional conduct committee and the member, the disciplinary tribunal found the member guilty on charges of:

• negligence and/or incompetence in a professional capacity which has been of such degree and/or frequency as to reflect on his fitness to practise as an accountant and/or tends to bring the profession into disrepute; and
• breaching the code of ethics of the institute.

Acting under rule 21.31 of the rules of the Institute of Chartered Accountants of New Zealand, the disciplinary tribunal ordered that Gavin Richard O’Dea be suspended from the Register of Members of the institute for a period of 2 years, and the certificate of public practice held by the member be cancelled.

Gavin Richard O’Dea was also ordered to pay to the institute the sum of $40,000 (incl. G.S.T.) in respect of the costs and expenses relating to the inquiry by the disciplinary tribunal and of the investigation by the professional conduct committee.

The disciplinary tribunal ordered that its decision be published in the Chartered Accountants Journal of New Zealand, the New Zealand Gazette, and a circulating newspaper in the Taranaki area, with mention of the member’s name and locality.

Gavin Richard O’Dea lodged an appeal against the decision of the disciplinary tribunal and the level of costs awarded.

At a hearing held on the 27th day of November 1998, the appeals council considered submissions from the member and on behalf of the professional conduct committee.

The appeals council confirmed the disciplinary tribunal decision and costs awarded as appropriate, and dismissed the appeal.

gn2567

Departmental Notices

Accident Rehabilitation and Compensation Insurance Corporation

Accident Insurance Act 1998

Consultation on the Self-employed Work Premium Regulations

Accident Insurance Act 1998

ACC currently provides all cover for personal injury. Under the Accident Insurance Act 1998, self-employed people may, from 1 July 1999, choose to buy work and most of their non-work personal injury insurance cover from a private insurer or remain with ACC.

A new self-employed work account will cover self-employed and private domestic workers who choose to continue to insure with ACC for their work injuries. The self-employed work account will be funded by premiums paid by self-employed and private domestic workers.

ACC invites interested premium payers to make submissions about the premium rates for the new self-employed work account before a final recommendation is made to the Minister for ACCI. The new premium rates will take effect from 1 July 1999.

ACC is proposing to adopt the existing employer premium classification system as the basis for a new self-employed work premium classification system. This will allow premium rates to reflect the accident risk according to the type of work undertaken by the premium payer.

Premiums for the account will be assessed on a fully-funded basis. The premium rate has 2 components: