✨ Financial Regulations
27 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 40
Part 3
Miscellaneous provisions
Length of first quarter accounting period or third quarter accounting period (as applicable)
21 Length of first quarter accounting period or third quarter accounting period (as applicable)
(1) This clause applies if an accounting period of a registered bank will be shorter or longer than 12 months as a result of—
(a) the date of registration of a company in terms of the Companies Act 1993; or
(b) a change in the balance date (as defined in section 7 of the Financial Reporting Act 1993) of a registered bank or company.
(2) If this clause applies, the Reserve Bank may, after consultation with the company or the registered bank, determine the length of any first quarter accounting period or third quarter accounting period (as applicable) for the shorter or longer accounting period.
Revocation
22 Revocation
(1) The Registered Bank Disclosure Statement (Off-Quarter—Overseas Incorporated Registered Banks) Order 2007 is revoked.
(2) Despite the revocation of the Registered Bank Disclosure Statement (Off-Quarter—Overseas Incorporated Registered Banks) Order 2007, a short form disclosure statement for an off-quarter balance date that occurred during the period that that order was in force must be completed, and published, in accordance with that order.
Transitional provision for short-form disclosures for 31 March 2008 off-quarter balance date
23 Transition
(1) This clause applies to a short form disclosure statement for a registered bank that is for an off-quarter balance date of 31 March 2008.
(2) The short form disclosure statement may be completed and published in accordance with either—
(a) This order; or
(b) The Registered Bank Disclosure Statement (Off-Quarter—Overseas Incorporated Registered Banks) Order 2007 as in force immediately before that order expired on 30 March 2008 as if that order had not expired.
(3) However, subclause (2) applies only if the short form disclosure statement states that it is prepared under this clause.
(4) This clause applies despite clause 6.
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 40
Gazette.govt.nz —
NZ Gazette 2008, No 40
✨ LLM interpretation of page content
💰 Length of first quarter accounting period or third quarter accounting period
💰 Finance & RevenueAccounting Period, Registered Bank, Financial Reporting
💰 Revocation of Registered Bank Disclosure Statement Order
💰 Finance & RevenueRevocation, Disclosure Statement, Overseas Incorporated Banks
💰 Transitional provision for short-form disclosures for 31 March 2008 off-quarter balance date
💰 Finance & RevenueTransitional Provision, Short-form Disclosure, Off-quarter Balance Date