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Bill 7, Chartered Professional Accountants Act

Government Bill

18th Assembly, 3rd Session

Introduced on March 12, 2018

Events

Timeline of key legislative events

  • First Reading
    Completed March 12, 2018 (Debate | Vote)
  • Second Reading
    Completed March 13, 2018 (Debate)
  • Third Reading
    Completed Oct. 24, 2018 (Debate | Vote)
  • Commissioner's Assent
    Completed Nov. 1, 2018 (Debate)
  • Status

    Bill Text



    Related Votes

    Oct. 24, 2018 Passed Thank you, Mr. Speaker. Mr. Speaker, I move, seconded by the honourable Member for Yellowknife South, that Bill 7, Chartered Professional Accountants Act, be read for the third time. Mr. Speaker, I would request a recorded vote.
    March 13, 2018 Passed Thank you, Mr. Speaker, for allowing me to do a second reading of bills. Mr. Speaker, I move, seconded by the honourable Member for Hay River South, that Bill 7, Chartered Professional Accountants Act, be read for the second time. This bill, like the parallel statute to be introduced in Nunavut, establishes the Organization of Chartered Professional Accountants, which will be responsible for regulating the profession of accounting in the Northwest Territories and Nunavut. This bill merges the existing professions of certified general accountant, certified management accountant, and chartered accountant into a single profession and repeals the statutes governing those formerly separate professions. Some of the key provisions of this bill concern the following matters: • setting out the powers of the organization to manage its affairs, including the powers to hold property, borrow money, make bylaws and elect its governing board; • setting out rules respecting the practice of the profession, and reserving the chartered professional accountant designation to members of the organization; • setting out rules respecting the membership and licensing of members of the organization; • setting out the powers of the organization to establish requirements for members, including ethical and professional standards of conduct and continuing competency requirements; • setting out rules respecting the making and investigation of complaints against members and the conduct of discipline proceedings, including appeals; • providing that the organization may exercise powers and functions for the regulation of the profession in Nunavut; and • providing for transitional measures, including preserving registrations effected and proceedings taken under the former governing statutes. Thank you, Mr. Speaker.
    March 12, 2018 Passed Thank you, Mr. Speaker. Mr. Speaker, I move, seconded by the honourable Member for Hay River South, that Bill 7, Chartered Professional Accountants Act, be read for the first time. Thank you, Mr. Speaker.

    Discussion & Mentions

    Assent To Bills
    Assent To Bills

    November 1st, 2018

    Page 4701


    See context

    Commissioner Ms. Thom

    Please be seated. Mr. Speaker and Members of the Legislative Assembly, good afternoon.

    [English translation not provided.]

    It has been a while since I have been here in this great place. I am thankful to see you all again in good health. Mahsi, thank you.

    I would like to take a moment to encourage all residents to honour the dedication, proud service, and the many sacrifices made by current and past members of the Canadian Armed Forces. Remembrance Day is on Sunday, November 11th. I have been invited to Hay River this year to take part in their services, and I look forward to visiting for such an important occasion.

    As this sitting comes to an end, I would like to wish the Members of this House good health, happiness, and prosperity as you enjoy the coming Christmas holiday season with your loved ones.

    I wish you all safe travels on the land, in the air, on the ice, and on our highways as you continue to work together, cooperatively, for the betterment of all residents of the Northwest Territories.

    Now, as Commissioner of the Northwest Territories, I am pleased to assent to the following bills:

    • Bill 7, Chartered Professional Accountants Act
    • Bill 8, Emergency Management Act
    • Bill 13, An Act to Amend the Securities Act
    • Bill 14, Miscellaneous Statute Law Amendment Act, 2017
    • Bill 15, Document Formalization, Service and Notice Reform Statute Law Amendment Act
    • Bill 16, An Act to Amend the Social Assistance Act
    • Bill 17, An Act to Amend the Student Financial Assistance Act
    • Bill 18, An Act to Amend the Cities, Towns and Villages Act
    • Bill 20, Ombud Act
    • Bill 24, An Act to Amend the Elections and Plebiscites Act
    • Bill 27, Supplementary Appropriation Act (Infrastructure Expenditures), No. 3, 2018-2019
    • Bill 28, Supplementary Appropriation Act (Operations Expenditures), No. 3, 2018-2019
    • Bill 33, Appropriations Act (Infrastructure Expenditures), 2019-2020

    Mahsi cho. Thank you. Quyanainni. Merci beaucoup. Koana.

    Bill 7: Chartered Professional Accountants Act
    Third Reading Of Bills

    October 24th, 2018

    Page 4432


    See context
    Robert C. McLeod

    Robert C. McLeod Inuvik Twin Lakes

    Thank you, Mr. Speaker. Mr. Speaker, I move, seconded by the honourable Member for Yellowknife South, that Bill 7, Chartered Professional Accountants Act, be read for the third time. Mr. Speaker, I would request a recorded vote.

    Bill 7: Chartered Professional Accountants Act
    Second Reading Of Bills

    March 13th, 2018

    Page 3831


    See context
    Robert C. McLeod

    Robert C. McLeod Inuvik Twin Lakes

    Thank you, Mr. Speaker, for allowing me to do a second reading of bills. Mr. Speaker, I move, seconded by the honourable Member for Hay River South, that Bill 7, Chartered Professional Accountants Act, be read for the second time. This bill, like the parallel statute to be introduced in Nunavut, establishes the Organization of Chartered Professional Accountants, which will be responsible for regulating the profession of accounting in the Northwest Territories and Nunavut. This bill merges the existing professions of certified general accountant, certified management accountant, and chartered accountant into a single profession and repeals the statutes governing those formerly separate professions.

    Some of the key provisions of this bill concern the following matters:

    • setting out the powers of the organization to manage its affairs, including the powers to hold property, borrow money, make bylaws and elect its governing board;
    • setting out rules respecting the practice of the profession, and reserving the chartered professional accountant designation to members of the organization;
    • setting out rules respecting the membership and licensing of members of the organization;
    • setting out the powers of the organization to establish requirements for members, including ethical and professional standards of conduct and continuing competency requirements;
    • setting out rules respecting the making and investigation of complaints against members and the conduct of discipline proceedings, including appeals;
    • providing that the organization may exercise powers and functions for the regulation of the profession in Nunavut; and
    • providing for transitional measures, including preserving registrations effected and proceedings taken under the former governing statutes.

    Thank you, Mr. Speaker.

    Robert C. McLeod

    Robert C. McLeod Inuvik Twin Lakes

    Thank you, Mr. Speaker. Mr. Speaker, I move, seconded by the honourable Member for Hay River South, that Bill 7, Chartered Professional Accountants Act, be read for the first time. Thank you, Mr. Speaker.