The Societies Act, SBC 2015, c18 (the
"Act") came into force on November 28, 2016 and
replaced the former Society Act, RSBC 1996, c 433. The
Act included significant updates to provide more
flexibility to how societies operate, while still protecting the
public interest and ensuring accountability in their governance and
management of funds.
Since the enactment of the Act in 2016, the BC
government, through the Ministry of Finance (the
"Ministry"), has closely monitored the
effect of the Act and how it has impacted societies and
their members. Based on general feedback from societies, the legal
community and the public, the Ministry has developed and released
36 newly proposed amendments to the Act. These proposed
amendments are aimed at ensuring the Act is more
user-friendly by addressing ambiguities, inconsistencies, or
omissions within the Act itself and other legislation;
streamlining, updating, and refining processes; and removing
Corporate Registry filing