WebThe Exposure Draft: Incorporated Societies Bill is currently available for review and submissions. This proposed Bill will essentially result in a complete rewrite of the legislation covering our 23,000+ incorporated societies in New Zealand. WebThe Non-for-profit (NFP) sector in New Zealand is vibrant, diverse and active. According to Statistics New Zealand2, NFP sector’s contribution to GDP in 2024 was $8.1 billion. From over 97,000 NFP organisations, 22% ‒ over 21,000 ‒ are registered as incorporated societies and therefore use the Act as their legal framework3. Over 89 ...
28 May 2024 Submission to Economic Development, Science …
WebFor many societies the Incorporated Societies Act 2024 will change how the prepare their financial statements. From October 2024, once a society reregisters, it will have to start using External Reporting Board (XRB) accounting standards in its financial statements, unless it qualifies as a ‘small society’. In August 2024 we hosted a ... WebApr 12, 2024 · As we have highlighted previously the Incorporated Societies Act 1908 is up for an overhaul. The Ministry of Business, Innovation & Employment (MBIE) released their Exposure Draft of the Incorporated Societies Bill in November 2015. The exposure period closed in mid-2016 with 116 submissions provided to MBIE for their consideration. crystal reports 64 bit version
Greater clarity and protection for incorporated societies passes …
WebFeb 9, 2016 · 9 February 2016. As we've highlighted previously the Incorporated Societies Act 1908 is up for an overhaul. The Ministry of Business, Innovation & Employment (MBIE) released their Exposure Draft of the Incorporated Societies Bill in November 2015. So what is the timeline from here? WebMBIE seeks submissions on the exposure draft of the Incorporated Societies Bill and standard provisions for society constitutions. These documents can be found at ... 13 The New Zealand Law Society noted in its submission to the Law Commission that: Lawyers advising community organisations… find little guidance in or assistance from the ... WebMay 27, 2024 · A new Bill was introduced into Parliament on 17 March 2024 to modernise the legislation governing New Zealand’s estimated 24,000 incorporated societies. The … dying horizon game