Milan John Versic

Member’s name: Mr Milan John Versic
Date of Hearing: 10 September 2019
Division: Queensland
Tribunal: Disciplinary Tribunal

On 10 September 2019 the Disciplinary Tribunal found the Member breached:

1. Article 39(a)(ii)(F) of the 22 May 2018 Constitution (‘the Constitution”), in that he had “been the subject of an adverse finding that has not been overturned on appeal in relation to the Member’s conduct, competence or recognition by any Court, professional body, statutory or other regulatory authority in any jurisdiction”, in respect of a Determination of the Appeals Tribunal of Chartered Accountants Australia and New Zealand dated 20 December 2018 that affirmed the Determination of the Disciplinary Tribunal of Chartered Accountants Australia and New Zealand dated 27 February 2018.
2. Article 39(a)((ii)A of the Constitution in that he “breached this Constitution (or the Constitution of the Company in force immediately before the Amending Date), By-Laws, Code of Professional Conduct or the Applicable Regulations” in that he breached By-Law 5.2(a)(ii) which provides:
   
   (a) “As soon as reasonably expedient after allocation of a Complaint to him or to her, the PCO must:
   
   (ii) Require the Member to provide a satisfactory explanation with respect to the matters referred to in the Complaint. If a Member fails to provide a satisfactory explanation in writing with respect to the matters referred to in the Complaint with 10 Business Days (or such further period as agreed with the PCO) of receipt of a request by the PCO, the GMPC may proceed to make an assessment under By-Law 5.3 on the material before him or her without further communication with the Member and the Member will be in breach of By-Law 5.2(a) which breach must be dealt with concurrently with the Complaint.”
3. Article 39(a)(ii)(A) of the Constitution, in that he “breached this Constitution (or the constitution of the Company in force immediately before the Amending Date), By-Laws, Code of Professional Conduct or the Applicable Regulations” in breaching By-Law 5.2(b)(ii), which provides:
   
   (a) A PCO may at any time request a Complainant or Member to provide further information (either in writing, in person or over the telephone) in respect of the Complaint. Where any such request is made:…
   
   (ii) a Member must provide the requested information within 10 Business Days (or such further period as may be agreed with the PCO), failing which, the Member will be in breach of this By-Law 5.2(b), which breach must be dealt with concurrently with the Complaint.

The Member attended the Disciplinary Tribunal and admitted the Complaints.

Penalty and costs

The Disciplinary Tribunal found the Complaints sustained and imposed the following penalties:

• In respect to Complaint 1 – admonishment
• In respect to Complaints 2 and 3 – a severe reprimand for both
• A requirement to successfully complete the Ethics and Governance Segment of the CPA Program or its equivalent as approved by the GMPC within 12 months at his own cost.

The Member was ordered to pay CPA Australia’s costs of $2,500.