From October 2023 your society will be able to apply for reregistration. Between now and then, there are a number of different things happening. Along the way we’ll provide information and resources to help you understand what’s changing and to help your society prepare.
Regulations are in the works
Regulations to support the new Act will determine some of the details of the new regime, such as how your society will apply for reregistration and what penalties your society would face if it breached its obligations.
The Ministry of Business, Innovation and Employment (MBIE) sought feedback on what regulations should be made . Consultation has now closed and MBIE is considering the feedback received. The finalised regulations will be published around September 2023.
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Timeline to reregistration
Now that the new Act has been passed, regulations are being developed that will determine how your society will apply for reregistration. Once everything is in place, your society will have 2½ years to reregister, from October 2023 to April 2026.
See the current timeline to reregistration -
Key changes
The new legislation will affect the way societies operate, including those that are also registered charities.
Learn about the key changes -
Financial reporting
Some societies will need to adopt XRB accounting standards for their financial statements. New thresholds will determine which societies will also need to have an audit.
Learn more about the new requirements -
How we can help you
We have information and tools you can use now to help you prepare. We'll be updating and developing more resources along the way.
See what you can do to prepare
How you can stay up to date
We will update the information here on our website throughout the transition period. You can also choose to receive updates from us directly to your inbox. Alternatively, you can follow us on Facebook.
Sign up to receive updates from us Follow us on FacebookIf you have any questions or comments about these law changes, you can email us at engage@societies.govt.nz.
