Thursday 22 August 2013

New Zealand: Law Commission proposes new statute for incorporated societies

The Law Commission report A New Act for Incorporated Societies was published yesterday: see here or here (pdf). The Commission has recommended that the Incorporated Societies Act 1908 should be repealed and replaced by a new statute in which guidance common to other statutes is provided (including, for example, the duties of society officers, dispute resolution, and the constitution). Other more specific recommendations are made including requiring societies to prepare and file at least simple annual financial reports and to have a statutory officer and a committee of at least three members. A summary of the report's recommendations is available here (pdf).

The report was tabled before Parliament yesterday: see here. The Government has welcomed the report and undertaken to respond formally by February 2014: see here.

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