[6] The Institute of Chartered Accountants in Australia was formed with the granting of a Royal Charter on 19 June 1928, to Thomas Brentnall, George Mason Allard and Henry Joshua Wise on behalf of the public accountants of Australia.[10] The arms include the Latin motto 'Nec Timens Nec Favens' which translates to 'Without Fear or Favour'.CA ANZ focuses on the education and lifelong learning of its members, and on advocacy and thought leadership in areas of public interest and business.To take this path you will have either a bachelor or master's degree in commerce, business or accounting from an Institute accredited Australian university.A Chartered Accountant must complete a total of 120 hours of Continuing Professional Education every three years.