The long-awaited Incorporated Societies Bill was introduced to Parliament on Wednesday 17 March and is about to have its first reading. This Bill has been highly anticipated by our community of not-for-profit and community organisations.
This Bill will replace the Incorporated Societies Act 1908, and implements the major update recommended by the Law Commission in 2013. After the Bill has its first reading it will be referred to select committee for consideration, and a call will be made for public submissions.
New Zealand has approximately 24,000 entities currently on the Incorporated Societies Register. We will monitor the Bill’s progress and keep our clients informed as the Bill progresses through Parliament.
A copy of the Bill is available here.
Disclaimer: the content of this article is general in nature and not intended as a substitute for specific professional advice on any matter and should not be relied upon for that purpose.