Qualifications for licence
14. (1) Any person, on application to the Council in the prescribed manner and upon payment of the prescribed fee, is entitled to be licensed under this Act if the Council is satisfied that the applicant is of good character and that the applicant, (a) is a member of the qualifying body; or (b) was at any time licensed under this Act or a predecessor of this Act; or (c) is a member of the Certified General Accountants Association of Ontario, (i) who has taken the course of instruction and passed the final examinations of that Association, and (ii) who has had at least three years experience in public accountancy in Ontario, and (iii) who was on the 1st day of April, 1962, a member or a student of that Association. R.S.O. 1990, c. P.37, s. 14 (1). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection (1) is repealed by the Statutes of Ontario, 2002, chapter 24, Schedule C, section 5 and the following substituted: Qualifications for licence (1) A person is entitled to be licensed under this Act if, (a) the person applies to the Council in the prescribed manner and pays the prescribed fee; (b) the Council is satisfied that the person is of good character; (c) the person is a member of, (i) The Certified General Accountants Association of Ontario, (ii) The Institute of Chartered Accountants of Ontario, or (iii) The Society of Management Accountants of Ontario; and (d) the person has passed the qualifying examination set by the Council or an equivalent examination prescribed by the Lieutenant Governor in Council after consultation with the Council. See: 2002, c. 24, Sched. C, ss. 5, 10. Note: On a day to be named by proclamation of the Lieutenant Governor, section 14 is amended by the Statutes of Ontario, 2002, chapter 24, Schedule C, section 5 by adding the following subsection: Transitional provision (1.1) A person who is licensed under this Act on the day section 5 of Schedule C to the Justice Statute Law Amendment Act, 2002 comes into force shall be deemed to have been licensed under subsection (1) on the day the original licence was granted or renewed. See: 2002, c. 24, Sched. C, ss. 5, 10. Exemption from conditions (2) The Council may, in special circumstances and subject to subsections 9 (2) and (3), either unconditionally or subject to such conditions as it may think fit, exempt any person from one or more of the conditions set forth in subsection (1). R.S.O. 1990, c. P.37, s. 14 (2). Licensees from other jurisdictions (3) The Council may by regulation prescribe the terms and conditions upon which any licensee of a state or province other than Ontario may be exempted from one or more of the conditions set forth in subsection (1), but no such regulation shall be made, amended or repealed unless approved by the votes of at least two-thirds of the members of the Council present and voting thereon. R.S.O. 1990, c. P.37, s. 14 (3). Regulations (4) The Council may make regulations, (a) governing certificates of authorization to permit corporations to carry on practice as a public accountant in accordance with such conditions or restrictions as may be prescribed; (b) prescribing the terms and conditions upon which any licensee in good standing may be permitted to incorporate a professional corporation as defined in the Business Corporations Act for the purpose of carrying on practice as a public accountant and to be a director or shareholder, or both, of the corporation. 2000, c. 42, Sched., s. 25; 2001, c. 8, s. 211.