The proposal to merge the Institute of Chartered Accountants Australia (ICAA) with its New Zealand sister is now open to voting by members.

According to ICAA, the formation of one trans-Tasman institute would deliver $15.8 million in annual net cost savings that would be used to invest more into education, services, policy, advocacy, thought leadership and fee reductions for members of both institutes.
"New Zealand and Australian Chartered Accountants have a lot in common, including a shared designation,
collaboration and working relationships," ICAA president Tim Gullifer said.
"Now is the time to formalise that, enabling us to stay ahead and further strengthen the brand and services we offer to members."
He added that the proposed new institute would have the scale and financial capacity to strengthen its business education capabilities.
New Zealand Institute of Chartered Accountants chairman Graham Crombie said the proposal was about bolstering the Chartered Accountant brand and giving members a greater voice on the global stage.
Voting runs from 1 October to 25 October and the results will be announced in November.