New climate brings challenges in NFP sector.
- Resource Type
- Article
- Authors
- McLay, David
- Source
- Chartered Accountants Journal. Jun2006, Vol. 85 Issue 5, p21-23. 3p.
- Subject
- *CHARITY laws & legislation
*CHARITABLE uses, trusts, & foundations
*NONPROFIT organizations
*ASSOCIATIONS, institutions, etc.
- Language
- ISSN
- 1172-9929
The author explains the implications of the Charities Act 2005 and other current and proposed regulations affecting the not-for-profit (NFP) sector in New Zealand. According to the author, a rule has been implemented against charities having lobbying purposes. He also explains the amendments to the Charities Bill 2004 which reflect the provision that prohibits advocacy being a principal purpose of an entity that is asserted to be a charity.