An update on recent and upcoming developments in charities law, including:
- an update on the review of the Charities Act 2005, including an update on timing and progress, the 3 issues that are currently being fast-tracked, and an overview of comparable reviews in other jurisdictions;
- an update on recent charities law decisions, including the Family First appeal/Charity Law Association intervention, Better Public Media appeal, Greenpeace appeal, Football Otago Youth Development Academy Trust, and others
- update on incorporated societies’ reform;
- tax update, including
- debt forgiveness and donations tax credits/deductions: the Roberts’ litigation and subsequent amendments;
- RWT exempt status;
- claiming donations tax credits online;
- QB 19/01 – what is required to establish a fund for donations tax credits;
- update of OS 06/02- operational statement for charities and donee organisations and in particular how it relates to FBT;
- IRD consultation, including: what is required to establish a public fund for donations tax credits; GST treatment of unconditional gifts; charity investments in limited partnerships; and gifting loyalty points and claiming donations tax credits; and
- financial reporting update, including
- the XRB targeted review on the Accounting Standards framework;
- changes to the tier 3 and 4 financial reporting standards.
The webinar is intended to be suitable for those involved with charities, at whatever level, advanced or otherwise. It is intended to give both a theoretical overview as well as sufficient detail to be practical. Practitioners from both small and large firms should attend.
ORIGINAL BROADCAST DATE
17 June 2020
An overview of important recent and upcoming developments in charities law.
A framework for considering where to from here for New Zealand charities.
Lawyers and accountants involved with charitable organisations in their professional and private capacities, not-for-profit specialists, and charities themselves.
All involved or likely to be involved with charities, at whatever level, should be familiar with these developments in charities law.
Sue Barker, Director, Sue Barker Charities Law