20 APRIL 2006

NEW ZEALAND GAZETTE, No. 36

965

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

Reporting Standard 1 First-time Adoption of New Zealand
Equivalents to International Financial Reporting Standards.

Early adoption of Amendments to New Zealand Equivalent
to International Accounting Standard 19 Employee Benefits
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 Amendment to New Zealand Equivalent to
International Accounting Standard 21 Effects of Changes
in Foreign Exchange Rates – Net Investment in a Foreign
Operation may be inspected free of charge at, and will
be made available for purchase from, the offices of
the New Zealand Institute of Chartered Accountants,
40 Mercer Street (P.O. Box 11-342), Wellington and 27-33
Ohinerau Street (P.O. Box 3334), Auckland.

Copies of Amendments to New Zealand Equivalent to
International Accounting Standard 19 Employee Benefits
may be inspected free of charge at, and will be made
available for purchase from, the offices of the New Zealand
Institute of Chartered Accountants, 40 Mercer Street
(P.O. Box 11-342), Wellington and 27-33 Ohinerau
Street (P.O. Box 3334), Auckland.

Dated this 14th day of December 2005.

WARWICK HUNT, Chairman, Accounting Standards
Review Board.

gs2604

Approval of Amendment to New Zealand Equivalent
to International Accounting Standard 21 Effects of
Changes in Foreign Exchange Rates – Net Investment
in a Foreign Operation (Notice No. 64)

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, Amendment
to New Zealand Equivalent to International Accounting
Standard 21 Effects of Changes in Foreign Exchange Rates
– Net Investment in a Foreign Operation, which has been
submitted to it by the New Zealand Institute of Chartered
Accountants.

Amendment to New Zealand Equivalent to International
Accounting Standard 21 Effects of Changes in Foreign
Exchange Rates – Net Investment in a Foreign Operation 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, 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 beginning on or
after 1 January 2006 in respect of entities which elect to
comply, or which have complied, with New Zealand
Equivalent to International Financial Reporting Standard
1 First-time Adoption of New Zealand Equivalents
to International Financial Reporting Standards for
an annual accounting period commencing on or after
1 January 2005 and before 1 January 2007; and

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

Early adoption of Amendment to New Zealand Equivalent
to International Accounting Standard 21 Effects of Changes
in Foreign Exchange Rates – Net Investment in a Foreign
Operation is permitted for annual accounting periods
commencing on or after 1 January 2005 and before 1 January
2006 but only where an entity complies, or has complied,
with New Zealand Equivalent to International Financial

Dated this 27th day of February 2006.

WARWICK HUNT, Chairman, Accounting Standards
Review Board.

gs2605

Approval of New Zealand Equivalent to IFRIC
Interpretation 8 Scope of NZ IFRS 2 (Notice No. 65)

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 an approved
interpretation to a reporting standard, New Zealand
Equivalent to IFRIC Interpretation 8 Scope of NZ IFRS 2,
which has been submitted to it by the New Zealand Institute
of Chartered Accountants.

New Zealand Equivalent to IFRIC Interpretation 8 Scope of
NZ IFRS 2 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, 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 beginning on
or after 1 May 2006 in respect of entities which elect
to comply, or which have complied, with New Zealand
Equivalent to International Financial Reporting Standard
1 First-time Adoption of New Zealand Equivalents to
International Financial Reporting Standards for an annual
accounting period commencing on or after 1 January 2005
and before 1 January 2007; and

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

Early adoption of New Zealand Equivalent to IFRIC
Interpretation 8 Scope of NZ IFRS 2 is permitted for annual
accounting periods commencing on or after 1 January 2005
and before 1 May 2006 but only where an entity complies, or
has complied, with New Zealand Equivalent to International
Financial Reporting Standard 1 First-time Adoption of
New Zealand Equivalents to International Financial
Reporting Standards.

Copies of New Zealand Equivalent to IFRIC Interpretation 8
Scope of NZ IFRS 2 may be inspected free of charge at,
and will be made available for purchase from, the offices
of the New Zealand Institute of Chartered Accountants,
40 Mercer Street (P.O. Box 11-342), Wellington and 27-33
Ohinerau Street (P.O. Box 3334), Auckland.

Dated this 27th day of February 2006.

WARWICK HUNT, Chairman, Accounting Standards
Review Board.

gs2606