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COMMUNITY BANKING
Incorporated Societies Act: what happens now the deadline has passed
The new Incorporated Societies Act 2022 passed into law in April 2022. Under the new Act, incorporated societies registered under the earlier Act had three years to re-register under the newer Act.
Any incorporated society that did not re-register by 5 April 2026 can no longer operate as an incorporated society.
As a result, we’ve had to freeze the accounts of societies that have not re-registered under the new Act. We understand this may be disruptive and we’re here to guide you through the next steps.
If your society's accounts have been frozen
You’ll need to contact the Incorporated Societies Registrar to understand your options. Your society might also wish to get legal advice.
More information is available on the Companies Office website.
Please note that we can’t unfreeze or restore accounts until you can provide us with evidence that your society has been reinstated.
If your society did re-register
If you've completed re-registration, please let us know so we can update our records and ensure your account remains accessible.
We're here to support you
We know these changes affect many community groups and volunteers. We’ve sent out updates to our not-for-profit clients about this over the last few months so that they’re aware of how the changes affect their banking.
While we can’t guide the re-registration process, we can help you understand what this means for your banking and what we need once the Registrar confirms your status.
Do you have unanswered questions or need more information?
We can help