Consultation on regulations for the Incorporated Societies Act 2022
13 October 2022
The Ministry of Business, Innovation and Employment is currently seeking feedback on what regulations should be made under the Incorporated Societies Act 2022 and what those regulations should prescribe.
We already know that the Incorporated Societies Act 2022 will introduce some sweeping changes to how incorporated societies operate once they re-register under the new Act, however, the new Act also provides that some of the details of the new regime are to be prescribed by regulation.
Under sections 254 and 255 of the Incorporated Societies Act 2022, the Governor-General may, by Order in Council, make regulations related to the new regime. Broadly speaking, section 254 relates to non-financial issues and section 255 relates to financial issues i.e. fees and penalties.
MBIE have released a discussion paper that sets out officials’ preliminary views on what regulations the Minister of Commerce and Consumer Affairs should recommend the Governor-General make under sections 254, 255 and 256 of the Incorporated Societies Act 2022, and what they should provide for.
The discussion document is quite large and considers all regulations that can be made under the Act from how you communicate with the Registrar, through to audit requirements, infringements and offenses.
Clubs New Zealand will be preparing a submission on behalf of members, however, as always we encourage individual clubs to make your own submissions. The consultation period is only 6 weeks, Clubs New Zealand will look at the proposals carefully and provide further information to clubs on our position and recommendations where appropriate.
Making a submission
Submissions are due: 22 November 2022, 5pm
MBIE are asking for submissions to be made using the submission template provided.
You can make your submission by:
- sending your submission as a Microsoft Word document to firstname.lastname@example.org or
- mailing your submission to:
Corporate Governance and Intellectual Property Policy
Building, Resources and Markets
Ministry of Business, Innovation & Employment
PO Box 1473
More information on the consultation can be found on MBIEs website using the link below: