Temporary relief from certain compliance requirements
The Government has reinstated the temporary compliance relief measures contained in the COVID-19 Response (Requirements For Entities—Modifications and Exemptions) Act 2020, which expired earlier this year.
The temporary legislation takes effect from 3 November 2021 and allows registered entities affected by COVID-19 restrictions to make certain changes to their constitutions or rules, and to carry out certain tasks electronically. It also enables the Registrar to grant exemptions from compliance obligations, where appropriate.
If you’re one of the eligible entity types, you can make use of these temporary provisions up until 30 April 2022.
Eligible registered entities include:
- building societies
- charitable trusts
- credit unions
- friendly societies
- incorporated societies
- industrial and provident societies
- limited partnerships (NZ and overseas).
If you do decide to make use of one of the relief measures, there are a few things you’ll need to do. See the links below for full details:
Source: NZ Companies Office, 3 November 2021
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