Charities have been subjected to several changes in recent years: Trusts Act 2019; the Tax Working Group recommendations; the External Reporting Board’s post-implementation review of tiers 3 and 4 and the extension of service performance reporting to tiers 1 and 2; the Incorporated Societies Act 2022 with draft regulations pending; and a number of IRD consultation, including on the business income exemption.
With more than 28,000 registered charities in New Zealand, the Charities Amendment Bill will have a far-reaching impact on the not-for-profit sector.
The Bill proposes changes that include reduced financial reporting for small charities, improved transparency in reporting of funds for larger charities, and a new process for appeals on rulings against charities.
It is, however, also proposed in the Bill that the Board will have power to disqualify an officer for ‘serious wrongdoing’ or a significant or persistent breach of obligations. This webinar, led by a member of the Core Reference Group for the review of the Charities Act, will explore the prospective changes and issues arising.
Registrants are invited to submit questions in advance, to [email protected]
Who Should Attend?
All legal professionals who advise, or may have cause to advise, charitable entities; or who personally have responsibilities within them. Accountants would also benefit from attending.