Clause 15

in subsection (1)(d), replace “failed to renew his or her certificate of registration after one month from the date of the expiry of the certificate of registration;” with “not renewed his or her registration under section 13 within one month after the date of the expiry of the registration; or”;

in subsection (1)(e), after “under”, insert “subsection (4), section 14A or”;

in subsection (1)(e), replace “; or” at the end with a full‑stop;

in subsection (1), delete paragraph (f);

replace subsections (2) and (3) with —“(2) An individual whose name and relevant particulars have been removed from the Register under subsection (1)(c), (d) or (e) is nevertheless treated as a public accountant for the purposes of Part 6 (but not any other Part) if —

before the removal, the Oversight Committee —

has referred any complaint in respect of the public accountant to the Registrar for review under section 41(1); or

has referred any information concerning any improper or dishonourable act or conduct of the public accountant to the Registrar for review under section 41(2); or

as at the date of the removal, disciplinary proceedings under Part 6 are pending against the public accountant.(3) An individual whose name and relevant particulars have been removed from the Register under subsection (1)(d) may, if he or she desires to be reinstated to the Register, apply to the Registrar for reinstatement within 21 days after he or she has been informed by the Registrar of the removal, and the Registrar must reinstate the individual to the Register on being satisfied that the individual —

has applied to renew his or her registration as a public accountant under section 13 and the application has been granted; and

has paid the prescribed fee to be reinstated to the Register.”;

in subsection (4), replace “also” with “(without compensation)”;

in subsection (4), delete “and order the removal of his or her name and relevant particulars from the Register of Public Accountants”;

in subsection (4)(a), after “registration”, insert “or renewal of registration”;

in subsection (4), replace paragraphs (c) and (d) with —“(c)the public accountant is no longer registered, or deemed to be registered, as a chartered accountant under Part 6B of the Accounting and Corporate Regulatory Authority Act 2004 or has had his or her registration as such revoked or suspended under that Part;

any condition of exemption imposed under section 10(3) or 13(3), as the case may be; or

any condition of registration or renewal of registration imposed under section 13A(1);

the public accountant has been censured for any reason by any professional accountancy body or organisation of which he or she is a member or with which he or she is registered, or has had his or her membership or registration with the body or organisation terminated or suspended for any reason; or”; and

replace subsections (5) and (6) with —“(5) The Oversight Committee must, before cancelling a public accountant’s registration under subsection (4), give the public accountant a written notice —

stating that the Oversight Committee intends to cancel the registration of the public accountant; and

specifying the time (being at least 14 days after the date the notice is given to the public accountant) within which written representations may be made to the Oversight Committee in relation to the proposed cancellation.(6) The Oversight Committee may decide to cancel the registration of the public accountant —

after considering any written representation made to the Oversight Committee pursuant to the written notice mentioned in subsection (5); or

where, after the time delimited in the written notice under subsection (5)(b) lapses, no written representation is so made or any written representation so made is subsequently withdrawn.(7) Where the Oversight Committee has made any decision under subsection (6) in respect of any public accountant, the Oversight Committee must give the public accountant a written notice of the Oversight Committee’s decision.(8) An individual who is aggrieved by the Oversight Committee’s decision made under subsection (6) may, within 30 days after being notified of the decision, appeal to the Minister whose decision is final.(9) A decision made by the Oversight Committee under subsection (6) to cancel an individual’s registration does not take effect —

until the expiry of 30 days after the date on which the individual is notified of the decision; or

if, before the expiry of the 30‑day period mentioned in paragraph (a), the individual appeals to the Minister against the Oversight Committee’s decision under subsection (8), until the appeal has been determined or withdrawn.”.