Companies Office Introduces New Confirmation Requirement for Charitable Trust Boards

On 19 October, New Zealand’s Companies Office announced that charitable trust boards will soon need to confirm that they are still operating to retain access to funding, banking facilities and other essential services. The change creates a compliance consideration for charitable organisations and their professional advisers. Legal practices, accountants and compliance consultants can support trusts with governance reviews, record maintenance and regulatory administration. No fee or government contract value was disclosed for the change.