Changes Coming for Incorporated Societies
Government is planning a significant re-write of the legislation covering Incorporated Societies – much needed as the current law was written in 1908 – and we encourage you to make input.
Hui E! is organising a series of consultative seminars to get your feedback on proposed changes to the legislation covering Incorporated Societies.
We are working with MBIE (the Ministry of Business, Innovation and Employment) who have been doing the drafting, and with Charities Services from the Department of Internal Affairs.
“The seminars will be a great opportunity for people involved in Incorporated Societies to hear what the key issues are, to give feedback on the spot, and to learn enough to be able to make their own responses,” says Dave Henderson, who is Hui E!’s lead person on the project.
“We are encouraging all organisations that are registered as Incorporated Societies to make submissions, and the information at these seminars will help.
To date, we have held 18 seminars in 8 cities, and the response has been great, but there are lots of questions about the draft. There are 7 seminars remaining, across Auckland, Wellington, and Palmerston North.
We’d like to see you and keep you informed” says Dave.
Follow the link to see dates and times, and to register. The 2-hour seminars are free:https://www.eventbrite.co.nz/e/consultative-seminars-on-the-proposed-new-incorporated-societies-act-tickets-21101359735 Incorporated Societies Act Roadshow
Charities Act Changes
The Statutes Amendment Bill proposes to delete the words “or the chief executive” from section 61 of the Charities Act.
This amendment would mean that charities are only able to appeal decisions of the Charities Registration Board.
Under section 8(3) of the Charities Act, the Charities Registration Board can only make decisions about registration and deregistration of charities.
In other words, any decision made by the charities regulator, other than a registration decision, would not be able to be appealed.
Submissions have already closed, but you can ask questions or express concern to the Minister, Hon Simon Bridges.
Changes to Charities Reporting Standards
Effective 1 April 2016 New Zealand’s charities regulator has a new role – monitoring and checking compliance with the new mandatory financial reporting standards.
Read an article by Craig Fisher (Audit Partner, Chairman, RSM) and Jason Stinchcombe (Audit & Technical Partner, RSM) highlighting the background of the changes, what the regulator is likely to do, and addressing the common reaction of “Isn’t this all just additional compliance”?
Do people donate money to your organisation, and if they do, will they get a tax break on that donation…or not?
Currently, Inland Revenue is beginning a consultation on this issue and the key point for discussion is whether donated money is used “wholly or mainly” in New Zealand. Because if it is, then donors can get tax breaks.
A discussion paper they are about to put out suggests that that 51% minimum be increased, possibly up to 90%, and they are asking for public comment.
Go to http://www.huie.org.nz/featured/donee-organisations-clarifying-funds-applied-wholly-mainly-specified-purposes-within-new-zealand/ for the memo from Inland Revenue giving notice of this consultation.