Don’t be caught out.
After 114 years of a very outdated, antiquated Incorporated Societies Act, a new updated Incorporated Societies Act has finally received the Royal Assent on 5th April 2022.
There are over 20,000 incorporated societies in New Zealand and every single one of them are going to have to review their structure, operation and most importantly their constitution before applying for re-registration in order to comply with the requirements of the new 2022 Act.
This will cover most sporting clubs throughout New Zealand. There are 270 clauses in the new legislation and four schedules.
It is impossible to encapsulate the main points of the new Act in a single newsletter such as this.
The new Act does however provide some time for incorporated societies to comply with the new requirements.
It is likely all incorporated societies will have to amend or rewrite their rules/constitution.
The Act provides that re-registration under the new Act must occur before the transition date which is defined as 1st December 2025 or the date that is immediately after the expiry of the period of two years and six months from 5th April 2022 whichever is later.
We recommend incorporated societies do not use that date as a target but address these issues and re-registration under the new Act sooner rather than later to avoid the inevitable bottle-neck as the date gets closer.
To assist clubs in understanding the requirements of the new Act, Collins and May will be running a broadcast series on Facebook.
So go to our Facebook page and follow us in order to receive notifications of the Incorporated Societies videos release dates.
