1920

NEW ZEALAND GAZETTE, No. 80

19 MAY 2005

● a Regulation for the purposes of the Regulations
(Disallowance) Act 1989.

Early adoption of Amendments to New Zealand Equivalent
to International Accounting Standard 39 Financial
Instruments: Recognition and Measurement – Transitional
and Initial Recognition of Financial Assets and
Financial Liabilities (together with the consequential
amendments) is permitted for annual accounting periods
commencing on or after 1 January 2005 but only where an
entity complies with New Zealand Equivalent to International
Financial Reporting Standard 1 First-time Adoption of
New Zealand Equivalents to International Financial
Reporting Standards.

Copies of the Amendments to New Zealand Equivalent
to International Accounting Standard 39 Financial
Instruments: Recognition and Measurement – Transitional
and Initial Recognition of Financial Assets and
Financial Liabilities (together with the consequential
amendments) may be inspected free of charge at, and will
be made available for purchase from, the offices of
the Institute of Chartered Accountants of New Zealand,
40 Mercer Street (P.O. Box 110-342), Wellington, and
27-33 Ohinerau Street (P.O. Box 3334), Auckland.

Dated this 17th day of May 2005.

WARWICK HUNT, Chairman, Accounting Standards
Review Board.

gs3037

Approval of New Zealand Equivalent to IFRIC Interpretation 2 Member’s Shares in Co-operative Entities and Similar Instruments (NZ IFRIC 2)
(Notice No. 39)

Notice is hereby given, pursuant to section 29 of the Financial
Reporting Act 1993 (“the Act”), that the Accounting
Standards Review Board has approved, as a financial
reporting standard for the purposes of the Act, New Zealand
Equivalent to IFRIC Interpretation 2 Member’s Shares in
Co-operative Entities and Similar Instruments (NZ IFRIC 2),
which has been submitted to it by the Institute of Chartered
Accountants of New Zealand.

NZ IFRIC 2 Member’s Shares in Co-operative Entities and
Similar Instruments is:

● to apply to all reporting entities and groups, the
Crown and all departments, offices of Parliament
and Crown entities, and all local authorities (each of
which is defined in the Act) other than where expressly
exempted by its terms, or the terms of any other
approved financial reporting standard or by law;

● to apply to annual accounting periods commencing on
or after 1 January 2007; and

● a Regulation for the purposes of the Regulations
(Disallowance) Act 1989.

Early adoption of NZ IFRIC 2 Member’s Shares in
Co-operative Entities and Similar Instruments is
permitted for annual accounting periods commencing on
or after 1 January 2005, but only where an entity
complies with New Zealand Equivalent to International
Financial Reporting Standard 1 First-time Adoption of
New Zealand Equivalents to International Financial
Reporting Standards.

Copies of NZ IFRIC 2 Member’s Shares in Co-operative
Entities and Similar Instruments may be inspected free
of charge at, and will be made available for purchase
from, the offices of the Institute of Chartered Accountants
of New Zealand, 40 Mercer Street (P.O. Box 110-342),
Wellington, and 27-33 Ohinerau Street (P.O. Box 3334),
Auckland.

Dated this 17th day of May 2005.

WARWICK HUNT, Chairman, Accounting Standards
Review Board.

gs3038

Approval of New Zealand Equivalent to IFRIC Interpretation 3 Emission Rights (NZ IFRIC 3)
(Notice No. 40)

Notice is hereby given, pursuant to section 29 of the Financial
Reporting Act 1993 (“the Act”), that the Accounting
Standards Review Board has approved, as a financial
reporting standard for the purposes of the Act, New Zealand
Equivalent to IFRIC Interpretation 3 Emission Rights
(NZ IFRIC 3), which has been submitted to it by the Institute
of Chartered Accountants of New Zealand.

NZ IFRIC 3 Emission Rights is:

● to apply to all reporting entities and groups, the
Crown and all departments, offices of Parliament
and Crown entities, and all local authorities (each of
which is defined in the Act) other than where expressly
exempted by its terms, or the terms of any other
approved financial reporting standard or by law;

● to apply to annual accounting periods beginning on
or after 1 January 2007;

● to apply to annual accounting periods commencing on
or after 1 March 2005, when an entity complies with
New Zealand Equivalent to International Financial
Reporting Standard 1 First-time Adoption of
New Zealand Equivalents to International Financial
Reporting Standards on or after 1 January 2005; and

● a Regulation for the purposes of the Regulations
(Disallowance) Act 1989.

Early adoption of NZ IFRIC 3 Emission Rights is permitted
for annual accounting periods commencing on or after
1 January 2005, but only where an entity complies with
New Zealand Equivalent to International Financial
Reporting Standard 1 First-time Adoption of New Zealand
Equivalents to International Financial Reporting Standards.

Copies of NZ IFRIC 3 Emission Rights may be inspected
free of charge at, and will be made available for purchase
from, the offices of the Institute of Chartered Accountants
of New Zealand, 40 Mercer Street (P.O. Box 110-342),
Wellington, and 27-33 Ohinerau Street (P.O. Box 3334),
Auckland.

Dated this 17th day of May 2005.

WARWICK HUNT, Chairman, Accounting Standards
Review Board.

gs3039

Approval of New Zealand Equivalent to IFRIC Interpretation 4 Determining Whether an Arrangement Contains a Lease (NZ IFRIC 4)
(Notice No. 41)

Notice is hereby given, pursuant to section 29 of the Financial
Reporting Act 1993 (“the Act”), that the Accounting
Standards Review Board has approved, as a financial
reporting standard for the purposes of the Act, New Zealand
Equivalent to IFRIC Interpretation 4 Determining Whether
an Arrangement Contains a Lease (NZ IFRIC 4), which
has been submitted to it by the Institute of Chartered
Accountants of New Zealand.

NZ IFRIC 4 Determining Whether an Arrangement
Contains a Lease is:

● to apply to all reporting entities and groups, the
Crown and all departments, offices of Parliament
and Crown entities, and all local authorities (each of
which is defined in the Act) other than where expressly