Description

An update on recent developments in charities law, including:

• an update on the Charities Amendment Bill;
• an update on the requirement for Tier 1-3 charities to report the reasons for their accumulated funds in their annual returns;
• an overview of recent tax developments relevant to charities, including proposed amendments in the latest tax Bill, the review of the donations tax credit regime, the review of the mutuality provisions, the FBT regulatory stewardship review, the new operational statement for charities and donee organisations, consultation on the business income tax exemption for charities, consultation on GST on grants and subsidies, a number of other public rulings recently issued, and the extension of tax relief for businesses that donate trading stock;
• a case law update, including the Family First and Better Public Media Trust cases, and a number of schemes cases under the Charitable Trusts Act 1957;
• a brief update on the new financial reporting standards for Tier 3 and 4 charities, and a brief overview of other financial reporting developments relevant to charities;
• a brief update of the Incorporated Societies Act 2022 and regulations;
• if there’s time, it would be good to touch on a number of other issues relevant to charities, including the historic UN resolution on promoting the social and solidarity economy for sustainable development, a new investor visa encouraging donations to New Zealand-registered charities, the push to make permanent the COVID changes that allowed charities to conduct online raffles, issues relating to charities being de-banked, the Social Sector Commissioning 2022-2028 Action Plan and the move towards a more relational approach to government contracting, issues relating to charities’ ability to make investment decisions that take into account wider considerations than simply maximising financial return, and the Privacy Act and possible changes relating to indirect collection of personal information.

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

1 August 2023

LEARNING OUTCOMES

A look at the outcome of the review of the Charities Act and some important tax changes relating to charities, as well as a heads up regarding other important recent developments that those involved with charities should be across.

SUITED TO

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.

PRESENTER

Sue Barker, Director, Sue Barker Charities Law.