Calling all Incorporated Societies
New Zealand has a total of 23,000 incorporated societies comprising a wide range of community related organisations. The Incorporated Societies Act 1908, which has been little amended since its enactment, is currently being updated by the draft Bill.
The Act doesn’t say anything about several important matters that affect the operation of societies and the purpose of the draft Bill is to remove uncertainty about those matters. The proposed additions will include clauses relating to officers’ duties, conflicts of interest and dispute resolution amongst other things.
MBIE is currently seeking submissions on the Exposure Draft of the Incorporated Societies Bill by Thursday 30 June 2016. Read the draft here http://bit.ly/1T8kgNI
For further info about this issue check out “A New Act for Incorporated Societies” produced by the Law Commission http://bit.ly/1TGtEHO
Article type: News and information
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