Government responds to incorporated societies report
Hon Craig Foss
Minister of Commerce
28 February 2014 Media Statement
Government responds to incorporated societies report
Commerce Minister Craig Foss today tabled in Parliament the Government’s response to the Law Commission’s report A New Act for Incorporated Societies.
“The Law Commission has
produced a comprehensive report, outlining a number of
recommendations to modernise the Incorporated Societies Act
1908. The recommendations seek to improve guidance for
people who run incorporated societies, including how to
manage disputes.
“The Government has agreed to
all but one of the 102 recommendations either in full or in
principle,” says Mr Foss.
“A new Act based on
the Commission’s recommendations will codify best practice
for operating an incorporated society, as well as provide
greater clarity and protection for
members.
“While much of the detail in the
Commission’s recommendations is yet to be fully tested, we
will be seeking public comment on an exposure draft of the
Bill and a model constitution in 2015,” says Mr
Foss.
The Law Commission has recommended that the
new Act provides a mechanism for agricultural and pastoral
societies to voluntarily transfer incorporation from the
Agricultural and Pastoral Societies Act 1908 to the new
Incorporated Societies Act. The Government will make a
decision on agricultural and pastoral legislation once
consultation with stakeholders is complete.
For more information, visit www.med.govt.nz/business/business-law/incorporated-societies
ENDS