After 10 years in the making, BC’s new Societies Act will coming into force on November 28th, 2016. The Societies Act, SBC 2015 c.18 will replace the Society Act, RSBC 1996, c.433.
The BC government has stated that its goals for the new legislation are to improve flexibility; public accountability; simple, accessible rules; and minimized regulation.
The new legislation makes sweeping changes to the rules that govern societies. We’ll be digging deeper into those changes in an upcoming post in this series, but here are a few of the notable changes:
Reduces the regulatory burden for some types of societies and increases regulation for others
- Introduces mandatory electronic filing
- Clarifies record-keeping obligations
- Makes changes to classes of membership and voting rules