The Incorporated Societies Act 2022 introduces significant changes to how incorporated societies operate in New Zealand, affecting netball centres and clubs that are structured as an Incorporated Society.
This Act replaces the 1908 legislation, as a way to modernise governance requirements.
Key Changes and Requirements:
- Re-registration: All existing incorporated societies must re-register under the new Act by April 2026 to continue operating legally.
- Governing Committee Responsibilities: Clearer duties for committee members, similar to those of company directors, to ensure good decision-making and accountability.
- Constitution Updates: Societies must update their rules to comply with new requirements, including dispute resolution processes.
- Financial and Reporting Obligations: Enhanced financial reporting standards, with some societies needing audited financial statements.
- Member Rights and Obligations: A clearer framework for how members interact with their society, including rules around conflicts of interest.
What This Means for Netball Centres and Clubs
Netball centres and clubs structured as incorporated societies must ensure compliance with the new legal framework.
This includes reviewing and updating constitutions, re-registering under the new Act, and adopting new governance practices.
Non-compliance could result in deregistration, impacting access to funding, facilities, and legal protections.
To support netball organisations in adapting to these changes, Netball New Zealand has developed templates and FAQs to help you navigate the transition.