A group or association can choose to organise itself in certain ways, to help it run effectively and achieve its goals. One option is to become an incorporated society. This is done by registering under the Incorporated Societies Act , which gives the group its own legal identity, separate to that of its members.
What Is An Incorporated Society?
Interested in pursuing a purpose or cause that benefits the community? The type of vehicle you use is critical in ensuring your efforts are effective and that any assets you hold are protected. Charitable Trusts and Incorporated Societies are two common vehicles used in New Zealand that often cause much confusion.
What to be or not to be - Incorporated Societies and Charitable Trusts
Changes authorised by subpart 2 of Part 2 of the Legislation Act have been made in this eprint. See the notes at the end of this eprint for further details. An Act to make provision for the incorporation of societies which are not established for the purpose of pecuniary gain.
An Incorporated Society is a group of people usually with a common interest sports club, social club, cultural group, service or activist group that is registered in accordance with the Incorporated Societies Ordinance Once registered, the Incorporated Society is required to provide the following information annually to the Registrar:. In accordance with section 22 3 of the Incorporated Societies Ordinance , if an incorporated society does not file its Audited financial statements to the Registrar when they are due, every officer of the society is liable to a monetary fine for every day during which the default continues. From 1st June , all incorporated societies must apply for renewal of their registration on or before 30 June each year. This will require the filing of an approved form for renewal, submission of the audited annual financial statements and the payment of an approved fee. Incorporated Societies. What is an Incorporated Society?