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Enacted in April 2022 and replacing the 1908 act, the Incorporated Societies Act 2022 requires all incorporated societies to register under the new act. This opens from October 2023 through to April 2026 (i.e. 2.5 years to register under the new act). In the meantime, incorporated societies operate under the old 1908 act. The regulations are currently being developed to support the new act and is the reason new registrations are not yet open.
Some significant changes under the new act:
There will be auditing requirements and details of this will be subject to consultation in August 2022. There will also be a requirement to have a documented disputes resolution procedures and and Schedule 2 of the new act provides a template that can be adopted. New members will need to give their consent to become a member and so a process should set-up for this. Registration under the new act also allows an opportunity to update the society's constitution.