Document ID: chunk:federal_register_of_legislation:F2021C01168:reg:5
Version: federal_register_of_legislation:F2021C01168
Segment Type: reg
Provision Reference: reg 5
Character Range: 1570–4018

5  Persons who are qualified accountants

    All persons in the following classes of members of the following professional bodies are qualified accountants for the purposes of the Act:
       (a) any member of CPA Australia (CPAA) who:
           (i) is entitled to use the post-nominals "CPA" or "FCPA"; and
           (ii) is subject to CPAA's continuing professional education requirements; and
           (iii) at or about the time of the member's most recent renewal of membership, has confirmed in writing to CPAA that he or she complies with CPAA's continuing professional education requirements;
       (b) any member of Chartered Accountants Australia and New Zealand (CA ANZ) who:
           (i) is entitled to use the post-nominals "CA" or "FCA"; and
           (ii) is subject to CA ANZ's continuing professional education requirements; and
           (iii) at or about the time of the member's most recent renewal of membership, has confirmed in writing to CA ANZ that he or she complies with CA ANZ's continuing professional education requirements;
       (c) any member of the Institute of Public Accountants (IPA) who:
           (i) is entitled to use the post-nominals "AIPA", "MIPA", or "FIPA"; and
           (ii) is subject to the IPA's continuing professional education requirements; and
           (iii) at or about the time of the member's most recent renewal of membership, has confirmed in writing to the IPA that he or she complies with the IPA's continuing professional education requirements;
       (d) any member of an eligible foreign professional body who:
           (i) has at least 3 years of practical experience in accounting or auditing; and

           (ii) is providing a certificate for the purposes of paragraph 708(8)(c) or 761G(7)(c) of the Act to a person who is resident in the same country (being a country other than Australia) as that member.

Endnotes

Endnote 1—Instrument history

Instrument number  Date of FRL registration      Date of commencement  Application, saving or transitional provisions
2016/786           29/9/2016 (see F2016L01541)   29/9/2016
2021/868           28/10/2021 (see F2021L01472)  29/10/2021            -

Endnote 2—Amendment history
ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed     rs. = repealed and substituted
Provision affected    How affected
Section 2             rep. s48D LA
Subparagraph 5(b)(i)  am. 2021/868