Not for Profit Trusts and Charities Symposium
With so much happening in the Not-for-Profit sector it is crucial that you are on top the most current and important issues facing NFPs, charities and trusts to ensure transparency, integrity and effective management. Receive strategic updates from leading experts, and understand the implications, on legislative developments, legal and governance structures, employment and volunteers issues, and financial, tax and reporting obligations, and risk.
Description
Attend and earn 7 CPD hours
This symposium was recorded in NZ on 1 November 2018
Session 1
Riding the Wave of New Legislation and Regulation
Chair: Craig Fisher, Audit Partner – Chairman RSM New Zealand Group, RSM Hayes Audit
9.00am to 10.00am: Privacy Update for Not-for-Profit Organisations
- An overview of the currently proposed reforms to the NZ Privacy Act
- GDPR what is it and how might it affect us
- Databases with personal info and what you should know
Presented by Hayley Miller, Partner, Kensington Swan
10.00am to 11.00am: Charities Law Update
- Review of the Charities Act 2005
- Recent charities-related case law and decisions of the Charities Registration Board
- advocacy by charities
- charities and businesses
- the advancement of religion
- what constitutes a “gift” that can be claimed for tax purposes
- Legislative update, including:
- significant changes proposed in the latest Tax Bill
- Trusts bill
- Proposed new legislation for incorporated societies
- Important recent changes to the financial reporting rules for registered charities
Presented by Susan Barker, Director, Sue Barker Charities Law
11.00am to 11.15am Morning Tea Break
11.15am to 12.15pm: Employment Law Issues in the Not-for-Profit Sector
- Volunteers vs employees: How to keep them distinct
- Challenges when restructuring: Best practice guidelines for making changes that affect your staff
- Responding to personal grievance claims: How to reduce the risk to your organisation
Presented by Mark Donovan, Barrister, Chancery Chambers
12.15pm to 1.15pm: To Govern, or Not to Govern: That is the Question (with apologies to William Shakespeare)
Everything you need to know relating to the comparison between non-profit governance in New Zealand, Australia and the UK including:
- How do these countries differ in terms of the quality of governance standards
- Requirements regarding entry to governance roles
Presented by Dr Michael Gousmett FCIS PhD BCom(Hons) BBS Dip CM Dip Tchg, Adjunct Fellow, School of Humanities & Creative Arts (History), University of Canterbury, Independent Researcher and Public Historian
Learning Objectives
- Review recent and important developments in charity law legislation
- Examine governance issues affecting the NFP and charities sector
- Understand the current issues relating to employment and volunteers
- Consider privacy issues and the impact of GDPR (General Data Protection Regulation)
Session 2
Tax, Accounting and Risk in Not-For-Profits and Charities
Chair: Vincent Naidu, Principal, Vinci Law
2.00pm to 3.00pm: Tax-Exempt or Taxable?
Understand the tax considerations you need to know about relating to different sources of income received by not-for-profit organisations.
- Overview of the not-for-profit sector in New Zealand
- Income types and tax treatments (charities and not-for profits)
- Common errors and things to watch out for
- Recent and upcoming legislative changes
- Tax Working Group interim report
Presented by Alexandra Bourne, Senior Policy Analyst and Judy Cuellar, Solicitor, Inland Revenue
3.00pm to 4.00pm: Financial Reporting Requirements and Audit: What You Need to Know
- What has changed and why in New Zealand
- Who in the sector needs to comply with what
- Service performance reporting
- What’s involved?
- Lessons from early adopters
- What other changes are on the horizon
- Your opportunity to quiz the accounting expert
Presented by Wayne Tukiri, Associate Director - Audit & People, RSM Hayes Audit
4.00pm to 4.15pm Afternoon Tea Break
4.15pm to 5.15pm: Risk Considerations for Trustees and the Not-for-Profit Sector
- What are the risks for Trustees and the Not for Profit Sector?
- Legal developments including AML, workplace health and safety and culture and their implications
- How does insurance help and what is available?
- Claims examples and how to avoid it happening to you
Presented by Brad Cuff, Special Counsel, DLA Piper and Paula Harris, Regional Manager, DUAL New Zealand
Learning Objectives
- Consider tax issues and accounting issues affecting the NFP and charities sector
- Understand potential risk and how to avoid them