✨ Financial Reporting Exemption Notice
NEW ZEALAND GAZETTE, No. 131
30 NOVEMBER 2007
Financial Reporting Act (Overseas Incorporated Companies – Australian Wholly-Owned Entities) Exemption Notice 2007
Pursuant to section 35B of the Financial Reporting Act 1993, the Registrar of Companies gives the following notice (to which is appended a statement of reasons of the Registrar).
Notice
1 Title
This notice is the Financial Reporting Act (Overseas Incorporated Companies – Australian Wholly-Owned Entities) Exemption Notice 2007.
2 Commencement
This notice comes into force on its notification in the New Zealand Gazette.
3 Expiry
This notice expires on the close of 31 July 2012.
4 Application
An exemption granted by this notice applies to the following accounting periods of an exempt overseas company:
(a) an accounting period of the exempt overseas company that commenced before the exemption is granted (including an accounting period that ended before the exemption is granted) if,—
(i) in the case of copies of financial statements or group financial statements for that period that are required to be delivered for registration under section 19 of the Act, the exemption is granted before those documents are required to be delivered for registration under that section; or
(ii) in any other case, the exemption is granted before the financial statements or group financial statements for that period are required to be completed;
and
(b) subsequent accounting periods.
5 Interpretation
In this notice, unless the context otherwise requires,—
Act means the Financial Reporting Act 1993
Class Order means the Australian Securities and Investment Commission’s Class Order [98/1418] Wholly-owned entities
exempt overseas company means a company that —
(a) is incorporated in Australia; and
(b) is a company to which section 19 of the Act applies; and
(c) has been granted relief under the Class Order;
specified financial statements, in relation to an exempt overseas company, means the consolidated financial statements that are required to be prepared in accordance with the relief granted under the Class Order in respect of the exempt overseas company
Australian GAAP means generally accepted accounting principles in Australia.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 131
Gazette.govt.nz —
NZ Gazette 2007, No 131
✨ LLM interpretation of page content
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Financial Reporting Act (Overseas Incorporated Companies – Australian Wholly-Owned Entities) Exemption Notice 2007
(continued from previous page)
💰 Finance & Revenue30 November 2007
Financial Reporting Act, Exemption Notice, Overseas Companies, Australian Wholly-Owned Entities, Australian GAAP
- Registrar of Companies