4 Nov 2013

NZ and Australian accountants vote to have one organisation

10:27 am on 4 November 2013

New Zealand and Australian chartered accountants have voted overwhelmingly in favour of forming a single organisation spanning both countries.

The vote on creating one organisation from the New Zealand Institute of Chartered Accountants and its Australian counterpart garnered nearly 70% support from New Zealand accountants and nearly 78% from their Australian colleagues.

The chairman of the New Zealand organisation, Graham Crombie, says the vote was momentous and exciting for the accounting profession in this part of the world. He expects the new institute to be up and running by April next year.

Mr Crombie says the turnout for the vote - with nearly 59% of members voting - was a record by institute standards.

He says in the institute's 105 year history it's believed that the biggest turnout for any particular vote was 13% of members.