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Latest BvonD News
Revamp to 60-year old trust law On 14 November 2016 the […]
Updating (Replacing) the Trustee Act 1956 – revamping 6 […]
BvonD is again supporting the Wild […]
Several items of legislative reform, some already enacted, and one proposed, have created real concerns for those governing not-for-profits. This article discusses some of those issues, and seeks to provide some reassurance to those governing not-for-profits.
Those governing societies and charities are, generally, not too worried about what’s in the organisation’s constitution. However, they should be, as the proceedings of meetings called without adequate notice to members can be declared to be invalid.
The New Zealand Business Number Act 2016 provides that incorporated societies registered under the Incorporated Societies Act 1908, charitable trusts incorporated under the Charitable Trusts Act 1957, friendly societies and credit unions registered under the Friendly Societies and Credit Unions Act 1982, and industrial and provident societies registered under the Industrial and Provident Societies Act 1908 are eligible to obtain a New Zealand Business Number (NZBN).