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Wayne Bailey, the director who informed Gulf Harbour Country Club (GHCC) members last July that the club was closing with immediate effect, has been suspended by a professional chartered accountants’ body for misconduct, unrelated to the golf club. A NZ Institute of Chartered Accountants disciplinary tribunal in Wellington determined that Bailey’s behaviour came close to the threshold for being struck off the register. It stopped short of that step, but ruled that the Christchurch-based accountant be suspended for four years, and pay $63,299 in costs for the hearing. In considering what penalt...
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