The Institute of Chartered Accountants Australia (ICAA) and the New Zealand Institute of Chartered Accountants (NZICA) have launched a consultation on the Trans-Tasman Institute proposed last month.

The two institutes say the move will boost Closer Economic Relations, the free trade agreement between Australia and New Zealand signed in 1983.

NZICA president Liz Hickey said they did not "orchestrate" the proposal to coincide with the anniversary of CER, but it was "a good reminder that both countries have been collaborating in the interests of better business for many years".

She said the Trans-Tasman institute would "significantly improve" the education and tools available to members from both countries, and enable "the sharing of knowledge, and insight".

ICAA president Tim Gullifer said members would benefit "from a larger and more sustainable institute with greater scale, increased policy formulation and advocacy capability as well as global influence".

Deadline to comment on the proposal is 12 July. A vote is then expected to be between 1 October and 1 November.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

To coincide with the launch of the consultation the two bodies also launched a website – One New Institute – detailing their aspirations for a merged institute.

Related article

ICAA, NZICA to consult on Trans-Tasman institute

Related links

One New Institute

Institute of Chartered Accountants Australia

New Zealand Institute of Chartered Accountants