New Incorporated Society

17 April 2023

The ‘Incorporated Societies Act 2022’ received Royal Assent on 5th of April 2022, replacing the ‘Incorporated Societies Act 1908’. As a result, some significant changes in the requirements around membership, governance, general meetings, dispute resolution winding up, financial reporting and auditing have been made. All Incorporated Societies in New Zealand will be affected, and officers will need to act on these changes in the very near future.



In Brief:

• All Societies will need to revise their constitution to comply with the information set out in section 26 of the new Act.

• All Societies will need to re-register, otherwise they will cease to exist as of the 5th of April 2026.

• Large Societies will have to start using the XRB accounting standards to prepare their financial statements.

• The threshold for Societies having to get their financial statements audited is yet to be set by regulations

South Island Dairy Event 2025

by Kate Ward-Smith • 27 March 2025
Join SIDE in Timaru on 7th - 9th April 2025 for Dairy Advancement through Science & Technology, a must-attend session for forward-thinking farmers! 7 rapid-fire presentations showcasing groundbreaking research, innovative technology, and the latest science designed to: Boost efficiency Enhance sustainability Unlock those crucial 1% gains Featured Topics & Speakers: Colostrum Management & Heifer Performance – Ajmal Khan, AgResearch Extended Suckling Research – Racheal Bryant, Lincoln University AI-Driven Lameness Detection – Liz Muller, Herd-I Reducing emissions while maintaining profitability and productivity - AgriZero Eco Pond Effluent System – Keith Cameron, Eco Pond Low N Project for Reduced Nitrogen Loss – Roshean Woods, DairyNZ AI-Powered Pasture Measurement – Jeremy Bryant, Aimer Farming Stay after the session to network with presenters and dive deeper into the innovations! Don’t miss this chance to ignite ideas and shape the future of dairying! Register now at www.side.org.nz
A clock sits on top of a tax form next to a sticky note that says tax time

Key Tax Dates Coming up

by Kate Ward-Smith • 19 February 2025
Upcoming Key Tax date's: Provisional Tax Payments Due: - June balance dates - 2nd Instalment 2025 Prov Tax due 28th March - March balance dates - 3rd Instalment 2025 Prov Tax due 7th May Terminal Tax – Due 7th April 2025 Please try and avoid using the tax type GAP when paying both GST and provisional tax as IRD sometimes puts a hold on these payments. We will always send tax notices to you a couple of weeks before any payment is due as a reminder. We are sending these notices by email so please ensure you check your JUNK/SPAM mail folder in case they have gone there. If you are paying IRD via Westpac you can make a cash or EFTPOS payment at any Westpac branch or Westpac Smart ATM. You will need your Tax Return or statement barcode, or you can create your own online at IRD on the link below: https://www.ird.govt.nz/managing-my-tax/make-a-payment/ways-of-paying/paying-at-westpac Please note you will need to scroll to the bottom of the page then select “create a barcode”.

Minimum Wage Increase

by Kate Ward-Smith • 19 February 2025
From the 1 st April 2025 minimum wage will go up from $23.15 to $23.50 per hour.  These rates are before tax. The Starting-out and training minimum wage will go up from $18.52 to $18.80 per hour.