1356 NEW ZEALAND GAZETTE No. 60

Total Value of Purchases | Maximum Charge
$ | $
--------------------- | ---------------
12.00 and less | 1.50
12.01 and greater | 3.25

Copies can be bought or ordered by mail from Legislation Services, P.O. Box 12-418, Wellington. Please quote title and serial numbers. Prices for quantities supplied on application. Copies are also available over the counter at the following locations:

Bennetts Bookshop Limited: Level One, Whitcoulls Corner Store, Queen Street (P.O. Box 5513, Wellesley Street), Auckland; 111 Cashel Street (Private Bag), Christchurch 1; located in Whitcoulls, 143 George Street (P.O. Box 1104), Dunedin; 38–42 Broadway Avenue (P.O. Box 138), Palmerston North; Massey University, Palmerston North; located in Whitcoulls, Centreplace, Bryce Street (P.O. Box 928), Hamilton; Bowen House, Lambton Quay (P.O. Box 5334), Wellington.

General

Accounting Standards Review Board

Financial Reporting Act 1993

Notice (No. 18) of Approval of Financial Reporting Standard

Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993 ("the Act"), that the Accounting Standards Review Board has approved, for the purposes of the Act, Financial Reporting Standard 32 "Financial Reporting by Superannuation Schemes" submitted to it by the Institute of Chartered Accountants of New Zealand.

FRS 32 is to apply to all persons who are superannuation trustees (as defined in the Securities Act 1978) in respect of the general purpose financial reports of the superannuation schemes of which those persons are superannuation trustees other than schemes expressly exempted by the terms of the Standard. The Standard is to apply to accounting periods and interim accounting periods beginning on or after 1 July 1998.

Copies of FRS 32 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 (P.O. Box 3334), Remuera, Auckland.

Dated this 21st day of April 1998.

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

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Notice (No. 19) of Approval of Amendment to Financial Reporting Standard

Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993 ("the Act"), that the Accounting Standards Review Board has approved, for the purposes of the Act, an amendment to Financial Reporting Standard 21 "Accounting for the Effects of Changes in Foreign Currency Exchange Rates" submitted to it by the Institute of Chartered Accountants of New Zealand.

The purpose of the amendment is to correct an inadvertent omission from paragraph 5.4 of FRS 21. It adds to the existing reference in that paragraph to paragraphs 5.3 and 5.6 of SSAP 21, reference to paragraph 5.5 and 5.8 of SSAP 21.

The amended paragraph 5.4 of FRS 21 now reads:

"Except for exchange differences accounted for in accordance with paragraphs 6.5, 6.9 and 6.10 or where a hedging transaction accounted for in accordance with paragraphs 5.3, 5.5, 5.6 and 5.8 of SSAP 21..."

The amendment to FRS 21 is to take effect in respect of accounting periods and interim accounting periods ending on or after 31 May 1998.

A copy of the amendment may be purchased from the office of the Institute of Chartered Accountants of New Zealand, 40 Mercer Street (P.O. Box 11-342), Wellington and 27–33 Ohinerau Street (P.O. Box 3334), Remuera, Auckland.

Dated this 21st day of April 1998.

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

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