Clause 26

in subsection (5), replace “advisor” with “adviser”;

in subsection (6)(a), after “against whom the complaint has been made”, insert “or in respect of whom the information has been referred to the Disciplinary Committee”;

in subsection (6)(b), after “against which the complaint has been made”, insert “or in respect of which the information has been referred to the Disciplinary Committee”;

after subsection (15), insert —“(15A) Where, in the course of its inquiry of any matter in respect of a public accountant, an accounting corporation, an accounting firm or an accounting LLP (X) a Disciplinary Committee receives new information or evidence relating to the conduct of X which may give rise to further proceedings under this Part, the Disciplinary Committee —

may make a report of the new information or evidence to the Oversight Committee; and

must, if directed by the Oversight Committee, begin a formal inquiry in respect of the new information or evidence.(15B) The Disciplinary Committee —

must give notice to X of the formal inquiry mentioned in subsection (15A)(b) in respect of the new information or evidence; and

must fix the formal inquiry on a date at least 14 days after the notice mentioned in paragraph (a) is given.”; and

after subsection (17), insert —“(18) In this section and section 51B(1)(b), “advocate and solicitor” means an advocate and solicitor of the Supreme Court, and includes a legal officer of the Authority, whether or not he or she holds a practising certificate under the Legal Profession Act 1966.”.