Fraser Tech Hockey Club Inc.

Charlene, Will, and the committee have been busy preparing the club to be incorporated and registered with the NZ Companies office. This has required an overhaul of the Club’s Constitution to make sure it complies with the rules for being an incorporated society. There are some minor changes required which are listed in the changes document (pdf) below. These rule changes are not yet in effect. A vote will be taken at the Annual General Meeting on the 17th of March 2013 to change them.

Proposed changes to the Rules of the Fraser Tech Hockey Club (PDF)

The club also requires the signatures from 15 members on the incorporation application form. Please consider adding your signature.

Why become an incorporated society?

From the official website http://www.societies.govt.nz:

There are several advantages of becoming an incorporated society:

• A society becomes a separate legal entity once incorporated.
• An incorporated society can lease, rent, buy and sell property, borrow money and enter contracts in its own name.  No member of the society can have personal rights or interests in any of the assets of the society.
• An incorporated society will continue as a separate entity even though its membership changes.
• Members will not be personally liable for the debts, contracts or other obligations of the society unless:
  • The debts or obligations are incurred from activities undertaken to obtain money for pecuniary gain (profit), in which case every member involved will be personally liable for those debts or obligations; or
  • The debts and obligations are incurred through unlawful activities, in which case every member involved will be personally liable for those debts or obligations
• Because the rules governing the incorporated society must meet the minimum requirements set out in the Incorporated Societies Act 1908, members can be assured that there will be certainty to the way the society is run.
• An incorporated society may be entitled to an income tax exemption.

It also opens up greater opportunities for the club to apply for funding.

What will it cost?

There is an initial fee of $102.22 to submit the application. After that, the club must produce, get audited and submit to the companies office, financial reports every year. We do most of this already.