Category Archives: Governance

Revision of Incorporated Societies Act 1908 – submissions and seminars

Updated 14 March 2016 Over the past few years, the Law Commission has undertaken a comprehensive review of the Incorporated Societies Act 1908 and has reported to the Government proposing a significant updating of the legislation.  The Government has accordingly developed a draft Bill which … Continue reading

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NFP governance training from the Institute of Directors – courses for 2016

Updated The Institute of Directors are committed to providing on-going training within the NFP sector. Throughout the year there are training courses specifically tailored to NFP’s. See the outline schedule below. Content covered Governance, legal and regulatory framework essentials Board … Continue reading

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Governance Training from Governance NZ

“Governance New Zealand Inc., (formerly Chartered Secretaries New Zealand Inc.), is New Zealand’s leading independent professional body with a sole focus on the practice of governance and is dedicated to providing leadership in the areas of governance, compliance and risk … Continue reading

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Social Impact Bonds.

The NZ Initiative (A think-tank formed from the 2012 merger of the New Zealand Business Roundtable and the New Zealand Institute ) has published (2015) a report paper on the subject. The report “introduces the concept of SIBs, outlining its general strengths and challenges. The report … Continue reading

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Where can I find the new financial reporting templates?

Complete information about the Reporting Standards for Not-For-Profit Entities After 1 April 2015 is available from the XRB (External Reporting Board) website. There are a lot of links and documents on the above website and it can be difficult to locate … Continue reading

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What is the difference between an audit and a review of our financial report?

The following information is taken from the Charities Services website: New statutory audit and review requirements Recent changes to the Charities Act 2005 create statutory audit and review requirements for medium and large Registered Charities from 1 April 2015.   … Continue reading

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Scary Time for Charities?

The New Zealand Association Resource Centre Trust has recently posted a blog article with the above heading. It looks at some of the implications of the new reporting standards with which charities will need to comply. One of these of … Continue reading

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I’ve registered my charity. What do I have to do now?

Q: I’ve registered my charity. What do I have to do now? A: We put this question to our consultant who has agreed to let us publish (with slight edits) the advice he passes to his clients once they are registered. … Continue reading

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Definition of ‘non-profit’, ‘not for profit organisation’, or ‘charity’ – what’s the difference?

Q: Can you define a not for profit organisation?  “There is no single agreed term that fully describes the nonprofit sector in Aotearoa/New Zealand. Rather, a number of terms are commonly used that refer to all or part of it. … Continue reading

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What is the difference between a Charitable Trust and an Incorporated Society?

Q: What is the difference between a Charitable Trust and an Incorporated Society?  Which is best for me? The differences are clearly explained on the Registrar of Incorporated Societies website.  Which is the most suitable will naturally depend upon your … Continue reading

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New statutory audit and review requirements

Recent changes to the Charities Act 2005 create statutory audit and review requirements for medium and large Registered Charities from 1 April 2015.   Read the full post on the Charities Services website Helpful videos and booklet for Tier 4 … Continue reading

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Seminar Announced – A new Act for Incorporated Societies

THIS SEMINAR HAS BEEN COMPLETED RSM Hayes Audit have announced a seminar on forthcoming changes for Incorporated Societies. The seminars are being held on 31 March 2015  in Auckland and 1 April in Wellington and are principally aimed at National Organisations … Continue reading

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