3 JUNE 2004

NEW ZEALAND GAZETTE, No. 64

Revocation of Dissolution of Incorporated Societies

Section 28 (3) of the Incorporated Societies Act 1908

The Registrar of Incorporated Societies is satisfied that the dissolution of the following incorporated societies ought to be revoked and has declared accordingly:

Australian Football League Supporters Club – Auckland Incorporated 569506 (5 August 2002).

Gladstone Social Physical Welfare And Recreation Association Incorporated 238317 (7 December 2000).

Grammar Squash Club Inc 222449 (5 August 2002).

Massey Amateur Swimming Club Incorporated 262185 (4 October 2000).

New Zealand Dental Hygienists’ Ass. Incorporated 667837 (5 August 2002).

Palmerston North Electric Power Station Incorporated 919230 (19 January 2000).

St Marys New Plymouth Anglican Church Parochial Properties Society Inc 214944 (13 September 2000).

Tawa Linden Wrestling & Sports Club Inc 216434 (7 October 1993).

Te Whanau-A-Apanui Returned Services Association Incorporated 483883 (10 September 1998).

With this publication such societies are revived from the date of their dissolution (noted above) as if no dissolution had taken place.

Dated this 3rd day of June 2004.

DORINE MARIO GAIQUI, Assistant Registrar of Incorporated Societies.

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General Notices

Disciplinary Tribunal of the Institute of Chartered Accountants of New Zealand—Notice of Decision of the Disciplinary Tribunal (Member Guilty of Misconduct in a Professional Capacity, Conduct Unbecoming an Accountant, Negligence or Incompetence and Breaching the Code of Ethics of the Institute of Chartered Accountants of New Zealand)

At a hearing of the Disciplinary Tribunal of the Institute of Chartered Accountants of New Zealand held on the 19th day of May 2004, which the member elected not to attend and was not represented by counsel, the tribunal recorded that Grant Perry McGowan, of Christchurch, pleaded guilty to the following charges and admitted the following particulars:

Charges

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 is guilty of:

● misconduct in a professional capacity;

● conduct unbecoming an accountant;

● negligence or incompetence in a professional capacity of such a degree or so frequent that it brings the profession into disrepute;

● breaching the code of ethics of the institute.

Particulars

IN THAT

In his role as a chartered accountant in public practice and in relation to complaints made against him, he:

(a) made investments on behalf of a client in entities in which he had a material financial interest without offering the client the opportunity to take independent advice and/or without appropriate authorisation;

(b) made inappropriate and/or imprudent investments on behalf of the client;

(c) failed to keep proper records in relation to monies invested on behalf of the client and/or monies invested;

(d) borrowed approximately $85,000.00 from the client’s trust to repay monies owed in circumstances where he did not have the appropriate authority to do so;

(e) made investments on behalf of a client in entities in which he had a material financial interest without offering the client the opportunity to take independent advice and/or without appropriate authorisation;

(f) made inappropriate and/or imprudent investments on behalf of the client;

(g) failed to keep proper records in relation to monies invested on behalf of the client and/or monies invested;

(h) failed within a reasonable and proper time to repay monies to the client’s estate, despite repeated requests to do so by the executor to the estate;

(i) failed to properly account for residual monies and/or interest owed to the client’s estate;

(j) failed to fully repay residual monies and/or interest owed to the client’s estate;

(k) in circumstances where he had been ordered to appear before the professional conduct committee for a final determination and in circumstances where he suffered an injury prior to that meeting, he failed within a reasonable or proper time to give any explanation or excuse for his non-attendance and/or failed to notify the professional conduct committee until approximately 1½ hours before the professional conduct committee meeting on the 12th day of January 2004.”

The tribunal found the member guilty as charged and the particulars proven.

Orders of the Tribunal

(a) Pursuant to Rule 21.31 (a) of the Rules of the Institute of Chartered Accountants of New Zealand, the disciplinary tribunal ordered that the name of Grant Perry McGowan be removed from the institute’s Register.

(b) Pursuant to Rule 21.31 (d) of the Rules of the Institute of Chartered Accountants of New Zealand, the disciplinary tribunal ordered that the certificate of public practice held by Grant Perry McGowan be cancelled.

(c) Pursuant to Rule 21.33 of the Rules of the Institute of Chartered Accountants of New Zealand, the disciplinary tribunal ordered that Grant Perry McGowan pay to the institute the sum of $41,738.00 (inclusive of G.S.T.) in respect of the costs and expenses of the hearing before the disciplinary tribunal and the investigation by the professional conduct committee.

(d) Pursuant to Rule 21.52 (b) of the Rules of the Institute of Chartered Accountants of New Zealand, the