23 Apr 2012

Minister seeks feedback on transparency of charities

5:36 pm on 23 April 2012

Charities spending more than $300,000 a year could find themselves having to have their books independently audited under new government proposals.

Commerce Minister Craig Foss says he wants feedback on changes he says will bring a greater degree of transparency to charities operating in New Zealand.

Mr Foss says at the moment, all charities have to include financial statements in their annual return to the Charities Commission, but the larger ones should have some independent scrutiny.

The changes would only apply to about 20% of charities in New Zealand, he says.

The minister is seeking public feedback by the end of July.