Professional Accountants Ordinance

(1)
An election of elected members (
general election
) is to be held
                every other calendar year at an election AGM.
(2)
Subject to subsections (3) and (5), elected members are to be elected from
                certified public accountants who are on the day of the election AGM ordinarily
                resident in Hong Kong and who become candidates as described in
section 2
of
Schedule 1
.
(3)
Each candidate who is an eligible past Vice-President (if any) is deemed to
                have been elected and becomes an elected member at the conclusion of the election
                AGM.
(4)
Subsection (3) does not apply to a candidate if the candidate became an elected
                member at the conclusion of the last election AGM under that subsection.
(5)
If the number of candidates who are not an eligible past
Vice-
President—
(a)
exceeds the number of vacancies for elected members that are not filled
                    under subsection (3), the election for those vacancies must be determined by
                    ballot, and the candidates so elected become elected members at the conclusion
                    of the election AGM;
(b)
equals the number of vacancies for elected members that are not filled
                    under subsection (3), those candidates are deemed to have been elected and
                    become elected members at the conclusion of the election AGM; or
(c)
is less than the number of vacancies for elected members that are not filled
                    under subsection (3
)—
(i)
those candidates are deemed to have been elected and become elected
                        members at the conclusion of the election AGM; and
(ii)
the Chief Executive may appoint a certified public accountant to fill
                        such a vacancy remaining unfilled at the conclusion of the election AGM, and
                        the accountant becomes an elected member on the appointment.
(6)
In this
section—
eligible past Vice-President
(
合資格前副會長
), in relation to the general election held at an election AGM,
                means—
(a)
a candidate
who—
(i)
was elected as a Vice-President at the first meeting of the Council
                            held after the last annual general meeting of the Institute;
                            and
(ii)
has held that office for the whole period from the date of the
                            election as a Vice-President until immediately before the general
                            election; or
(b)
a candidate
who—
(i)
was elected as a Vice-President at the first meeting of the Council
                            held after the last election AGM;
(ii)
has held that office for the whole period from the date of the
                            election as a Vice-President until the conclusion of the last annual
                            general meeting of the Institute; and
(iii)
is still an elected member immediately before the general election.