27 NOVEMBER
NEW ZEALAND GAZETTE
3989

FRS-27: Right of Set-off (issued 1994)

FRS-29: Prospective Financial Information (issued 1996)

FRS-30: Reporting Share Ownership Arrangements Including Employee Share Ownership Plans (issued 1994)

FRS-33: Disclosure of Information by Financial Institutions (issued 1997)

The board also has determined in accordance with section 27 (3A) of the Act, that Financial Reporting Standard 7: Extraordinary Items and Fundamental Errors (issued 1994), shall apply to all local authorities, except that paragraph 5.1 shall not apply in the first year of application of FRS 7 with regard to the adoption of a new basis of valuation for the physical assets.

The Financial Reporting Standards referred to above shall apply in relation to accounting periods and interim accounting periods of local authorities commencing on or after 1 July 1998, or earlier in the case of any local authority which so elects in accordance with section 27 (7) of the Act.

Copies of all approved Financial Reporting Standards may be purchased from the offices of the Institute of Chartered Accountants of New Zealand, 40 Mercer Street (P.O. Box 11-342), Wellington and 27–33 Ohinerau Street, Remuera (P.O. Box 3334), Auckland.

Dated this 20th day of November 1997.

JOHN C. HAGEN, Chairman, Accounting Standards Review Board.

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Australia New Zealand Food Authority

Australia New Zealand Food Authority Act 1991

Australia New Zealand Food Authority—Food Standards

The Australia New Zealand Food Authority advises progress on the following matters relating to the Australian Food Standards Code.

You can get further information on these matters in information papers which are available from:

The Information Officer
Australia New Zealand Food Authority
P.O. Box 10-559
WELLINGTON 6036
Telephone: (04) 473 9942
Facsimile: (04) 473 9855
Email: anzfa.nz@anzfa.gov.au

Matters at Full Assessment

The authority has made a preliminary assessment, accepted the following application and will now make a full assessment of it:

Sulphur Dioxide in Longans (A351). An application from the Far North Queensland Longan Growers’ Association Inc received on 6 October 1997, to permit the post harvest treatment of longans with sulphur dioxide.

You are invited to present written submissions to the authority on matters relevant to this application, including the potential regulatory impact on consumers, industry and government, by 30 January 1998. The information paper on this matter provides further information, including advice on the authority’s policy regarding submissions.

Matters at Inquiry

The authority will conduct an inquiry into the draft standards or variations to standards prepared at full assessment of the following proposals:

Statement of Ingredients (P143). A proposal to review the requirements for the statement of ingredients on the labels of food.

Edible Oils (P162). A proposal to review standards applying to edible oils. With respect to this proposal the authority is satisfied that it raises issues of minor significance and complexity and has decided to omit to invite public submissions prior to making a full assessment.

You are invited to present written submissions to the authority on matters relevant to these proposals, including the potential regulatory impact on consumers, industry and government, by 30 January 1998 for proposal P143, and 27 February 1998 for proposal P162. The information papers on these matters provides further information, including advice on the authority’s policy regarding submissions.

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New Zealand Dairy Board

Dairy Board Act 1961

Notice Relating to the Appointment and Election of Directors of the New Zealand Dairy Board

Notice is hereby given pursuant to section 3C (1) (b) and (c) of the Dairy Board Act 1961 that the persons named in the attached Schedule have been appointed or elected as directors of the New Zealand Dairy Board by the co-operative companies or group of co-operative companies referred to in clause 14 of the Rules for Appointment and Election of Directors of the New Zealand Dairy Board issued by notice in the Gazette of 3 October 1997, No. 145, page 3345, to take office on 1 December 1997 and to hold office from that date for the term specified.

J. B. MURRAY, Secretary, New Zealand Dairy Board.