NEW ZEALAND GAZETTE

No. 40

General Notices

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

(Member Suspended)—Philip Roger Young

(Chartered Accountant)

At a hearing of the Disciplinary Tribunal of the Institute of Chartered Accountants of New Zealand held on the 24th day of December 2002, the tribunal considered an application from the professional conduct committee of the institute for interim suspension from membership of Philip Roger Young, chartered accountant of Hamilton, on the grounds that the member had improperly operated associated finance entities in breach of Ethical Provisions 53 and 54 of the Institute’s Code of Ethics. Evidence was presented to the tribunal to show that:

• as a director and shareholder of Omega Finance Limited and Omega Group (NZ) Limited, the member had borrowed monies from these companies in his own name or through his practising company, Progressive Business Centre Limited, and had failed to have the financial statements of the associated finance entities audited.
• as a director and shareholder of Baywater Finance Limited (now in receivership), the member permitted the

company as an issuer to receive funds from members of the public without a current prospectus.

The tribunal resolved unanimously, pursuant to Rule 21.20 of the Rules of the Institute of Chartered Accountants of New Zealand issued under the Institute of Chartered Accountants of New Zealand Act 1996, to suspend Philip Roger Young from membership on the following terms:

(a) The tribunal is satisfied that it is necessary and desirable, having regard to the interests of the public, that Philip Roger Young be suspended from membership of the Institute of Chartered Accountants of New Zealand pending the further order of the tribunal.

(b) Following the expiration of 21 days from the giving of notice of this decision to Philip Roger Young, notice of the suspension be published in the Waikato Times, the New Zealand Herald, the New Zealand Gazette and the Chartered Accountants Journal of New Zealand.

Dated this 3rd day of March 2003.

ANTHONY N. FRANKHAM, Chairman, Disciplinary Tribunal.

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Parliamentary Notices

Office of the Clerk of the House of Representatives

Citizens Initiated Referenda Act 1993

Notification of Determination of the Precise Question at an Indicative Referendum

Pursuant to section 11 of the Citizens Initiated Referenda Act 1993, I make the following determination:

That the wording of the precise question to be put to voters in the indicative referendum proposed by Steve Baron is:

“Should the law be amended to make the results of citizens initiated referenda binding on the New Zealand Government?”

Dated at Wellington this 15th day of April 2003.

D. G. MCGEE, Clerk of the House of Representatives.

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Departmental Notices

Courts

Law Practitioners Act 1982

Notice of Order for Suspension From Practise as a Barrister and Solicitor

M52/03

In the matter of the Law Practitioners Act 1982

Pursuant to section 119 of the Law Practitioners Act 1982, notice is hereby given that on 31 May 2002, the New Zealand Law Practitioners Disciplinary Tribunal ordered as follows:

1. That the name of Peter Amarat Rama be suspended from practise as a barrister or as a solicitor, or as both for a period of two-and-a-half years commencing 14 days from 31 May 2002.

2. That Peter Amarat Rama is censured.

3. That Peter Amarat Rama pay the costs of the Wellington District Law Society in the sum of $14,906.25 (being counsel’s fee) together with a service fee and disbursements of $80.00, making a total of $14,986.25.