New Zealand Acts

CHARITIES ACT 2005 - SECT 42AC

42AC Chief executive may exempt class of qualifying charitable entities from providing financial statements

1 The chief executive may, by notice, exempt a class of qualifying charitable entities from complying with section 41(2)(b) .

2 Before granting an exemption under subsection (1), the chief executive must have regard to the purpose of this Act.

3 A qualifying charitable entity that is exempt from complying with section 41(2)(b) must, when it sends or delivers its annual return to the chief executive, report to the chief executive in the form (if any) prescribed by the chief executive on its minimum financial information.

4 An exemption granted under subsection (1) is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

History: Section 42AC: inserted, on 6 July 2023, by section 21 of the Charities Amendment Act 2023 (2023 No 34).