Societies Act Consultation 2019
The Societies Act came into force on November 28, 2016, and recognizes there are over 27,000 societies in B.C. that vary significantly in size and purpose. The Act:
- provides societies with a new user-friendly legislative framework
- allows for electronic filings at the Corporate Registry
- provides flexibility to accommodate the vast range of societies, and
- ensures accountability in governance and managing of public funds
Over the past two-and-a-half years, the government has been monitoring the roll-out of the Act to make sure it is working for societies and their members. Based on the feedback received from societies, the legal community and the public, the Ministry has developed proposed amendments to the Act to address some of the issues that have come to light.
With the new developments in the Societies Act, related amendments to the Business Corporations Act and Cooperative Association Act are also being considered. These corporate governance acts are unique but have similarities with respect to director and member/shareholder roles and Corporate Registry filings.
These proposed amendments are summarized in the Appendix (PDF) and aim to:
- maintain and enhance the user-friendliness of the Act
- address ambiguities, omissions and inconsistencies within the Act and other legislation
- streamline, update and refine processes, and
- remove unnecessarily burdensome Corporate Registry filing requirements
The Ministry would like to provide societies, their members, the legal community and the public with an opportunity to review and to comment specifically on the amendments listed in the Appendix (PDF).
The deadline for feedback is August 23, 2019.
Please direct your comments in electronic format to: Societies.Consultation@gov.bc.ca
Comments may also be sent in paper format to:
Financial and Corporate Sector Policy Branch
Ministry of Finance
PO Box 9418 Stn Prov Govt
Victoria, BC V8W 9V1
Public Nature of Consultation Process
Please note that the Ministry will be sharing comments it receives with the Corporate Registry of the Ministry of Citizens’ Services and others. Even where confidentiality is requested, freedom of information legislation may require the Ministry to make responses available to those requesting such access.