sec.50CAWho is a qualified accountant

### sec.50CA Who is a qualified accountant A person is a qualified accountant in relation to another person if— the person is an accountant who is independent of the other person; and an exclusion notice is not in effect in relation to the person. Without limiting subsection (1) (a) , an accountant is not independent of the other person if the accountant is any of the following in relation to the other person, or a related entity of the other person— an employee; if the other person is a corporation—an executive officer of, or investor or shareholder in, the corporation; if the other person carries on business in partnership—a partner in the partnership. In this section— related entity see the Building Industry Fairness (Security of Payment) Act 2017 , section 10A . s 50CA ins 2020 No. 24 s 117 amd 2020 No. 24 s 128 (sec.50CA-ssec.1) A person is a qualified accountant in relation to another person if— the person is an accountant who is independent of the other person; and an exclusion notice is not in effect in relation to the person. (sec.50CA-ssec.2) Without limiting subsection (1) (a) , an accountant is not independent of the other person if the accountant is any of the following in relation to the other person, or a related entity of the other person— an employee; if the other person is a corporation—an executive officer of, or investor or shareholder in, the corporation; if the other person carries on business in partnership—a partner in the partnership. (sec.50CA-ssec.3) In this section— related entity see the Building Industry Fairness (Security of Payment) Act 2017 , section 10A . - (a) the person is an accountant who is independent of the other person; and - (b) an exclusion notice is not in effect in relation to the person. - (a) an employee; - (b) if the other person is a corporation—an executive officer of, or investor or shareholder in, the corporation; - (c) if the other person carries on business in partnership—a partner in the partnership.