If an incorporated society does not re-register under the Incorporated Societies Act 2022 by the deadline of 5 April 2026, it will cease to exist as an incorporated society. This has several implications, such as:
- The society will lose its separate legal identity, meaning members could become personally liable for any debts or obligations, such as leases, that the society owes.
- The society will no longer have the right to make decisions about its assets, and the Registrar may direct how these assets are distributed.
- The society’s name will no longer be protected, allowing another group to potentially use it.
- The society will not be able to sign new contracts in its name.
To avoid these consequences, societies must either re-register, dissolve, or appoint a liquidator before the deadline.
If you’re part of a society, it’s crucial to start planning for re-registration early to ensure compliance with the new Act.
Contact us today to secure your society’s future with expert compliance assistance
