19 APRIL 2012 NEW ZEALAND GAZETTE, No. 44 1319

Clause 8(2)(h) of Schedule 8 to the Hazardous Substances (Dangerous Goods and Scheduled Toxic Substances) Transfer Notice 2004 enables the approval of a code of practice for the design and construction of stationary tanks.

The purpose of this code of practice is to specify requirements for the design and construction of tanks made from thermoplastic material.

Written submissions in relation to the approval of this code can be made by mail or email to

Code of Practice Submissions
Hazardous Substances Division
Environmental Protection Authority
PO Box 131
Wellington 6140.
Email: submissions@epa.govt.nz

Submissions close on 31 May 2012.

A copy of the code can be inspected at the EPA, Level 1, BP House, 20 Customhouse Quay, Wellington.

The code is available on the EPA website

www.epa.govt.nz

ROB FORLONG, Chief Executive, Environmental Protection Authority.

au2375

Financial Markets Authority

Auditor Regulation Act 2011

The Auditor Regulation Act (Prescribed Minimum Standards and Conditions for Licensed Auditors and Registered Audit Firms) Notice 2012

Pursuant to section 32 of the Auditor Regulation Act 2011, the Financial Markets Authority gives the following notice.

Notice

1. Title and commencement—(1) This notice is the Auditor Regulation Act (Prescribed Minimum Standards and Conditions for Licensed Auditors and Registered Audit Firms) Notice 2012.

(2) This notice comes into force on the day after its publication in the New Zealand Gazette.

2. Interpretation—(1) In this notice, unless the context otherwise requires:

Act means the Auditor Regulation Act 2011.

advanced certificate of competence means a certificate, in a form acceptable to the accredited body, from an assessor certifying that an applicant has demonstrated competence in all key aspects of an audit.

application for renewal means an application for a licence by a person who is currently a licensed auditor or whose auditor licence has expired if the application was made to the accredited body within three months after the expiry of that person’s most recent licence, but does not include a licence applied for while a person holds a transitional licence.

appropriate professional body means a professional body relevant to a registered audit firm partner’s professional practice which meets the criteria set by the accredited body, including:

(a) having rules which require members to meet standards of professional conduct and ethics; and

(b) having the ability to enforce compliance with its rules,

and includes an approved professional accounting body.

approved course means an approved academic qualification relevant to accounting and auditing from a tertiary institution that has been approved by an accredited body.

approved overseas jurisdiction means Australia, the United Kingdom and the United States of America or another jurisdiction specified by FMA from time to time by notice on its website.

approved practising certificate means a practising certificate, of a kind acceptable to FMA, issued by an accredited body under its rules which authorises the holder to provide professional accounting or auditing services to the public, and includes a certificate of public practice issued by NZICA.

approved professional accounting body means:

(a) an accredited body; or

(b) in the case of an overseas auditor, a professional accounting body of which the overseas auditor is required to be a member under the auditor licensing laws of the overseas auditor’s home jurisdiction, or as a condition of being a licensed auditor in New Zealand; or

(c) in the case of a partner of a registered audit firm who is not a licensed auditor, a professional body:

(i) whose primary membership is accountants or auditors;

(ii) that is a member of the International Federation of Accountants; and

(iii) meets any other criteria set by the accredited body.

assessor means a licensed auditor who has been approved by an accredited body to assess and attest to the competence of a prospective licensed auditor.

Australian professional accounting body means The Institute of Chartered Accountants of Australia, The Association of Authorised Public Accountants and CPA Australia Limited.

CPA means an auditor who is a certified professional accountant in the United States of America.

FMA means the Financial Markets Authority as established under the Financial Markets Authority Act 2011.

NZICA means the New Zealand Institute of Chartered Accountants.