Law Changes

Incorporated Societies – what the new act means for you.

The new Incorporated Societies Act is now in force. With the regulations passed, incorporated societies of all shapes and sizes should be thinking about how the law changes impact them and what they need to do to ensure they comply with the new rules and are in a position to re-register under the new Act by 2026.

The best place to start is by reviewing your current constitution and how it complies with the new rules under the Act.

Some of the key changes that you should keep in mind include:

  • Formalising the role of the committee and the officers that sit on that committee
  • The process for someone becoming a member of a society
  • Confirmation has come via regulation of the size of society that will require auditing
  • Imposing more stringent duties on the officers of a society akin to that of a director of a company.

If you have questions or concerns about your current constitution or want someone to review any newly drafted constitution before you re-register then the team at Sharp Tudhope is happy to help.  Get in touch here.

Written by Benji Crossley
Benji Crossley

Share
Published by
Benji Crossley

Recent Posts

Team members step up Sharp Tudhope

We're pleased to announce the promotion of four members of our legal team. Benji Crossley…

3 days ago

Tariff cease-fire: a breather for New Zealand exporters – but no time to relax.

Since our last update on US tariffs, there have been several significant developments unfold in…

1 month ago

Incorporated Societies: Countdown to Re-Registration Under the 2022 Act

What you need to know about updating your constitution and meeting the deadline As most…

2 months ago

Financial Markets Authority submissions: clarifying the use of Eligible Investor Certificates

Eligible Investor Certificates: High Court Submissions and Key Implications In recent submissions made to the…

3 months ago

Competition Law Review: Submissions on the Commerce Act 1986

Modernising Competition Law: Our Take on the Commerce Act Review The Ministry of Business, Innovation…

3 months ago