New Zealand Gazette – 2008 – No. 40

Page 933

✨ Financial Definitions and Regulations



27 FEBRUARY 2008

NEW ZEALAND GAZETTE, No. 40

933

(a) the interest rate reset date next occurs (being the date on
which the rate of interest payable in respect of the
whole or part (as applicable) of the financial instrument
can or will alter); or

(b) a principal sum is due and payable; or

(c) if no principal sum is due and payable, the maturity date
occurs

interest rate risk has the same meaning as in NZ IFRS 7

interim accounting period means—

(a) the first 6 month period of an accounting period; or

(b) if clause 25 applies, the interim accounting period
specified by the Reserve Bank

IRB approach refers to an internal ratings-based approach as
described in Capital Adequacy Framework (Internal Models
Based Approach) (BS2B)

issuer has the same meaning as in section 4 of the Financial
Reporting Act 1993

LGD refers to loss given default determined in accordance with
Capital Adequacy Framework (Internal Models Based
Approach) (BS2B)

material,—

(a) in relation to a statement, fact, or item to which
generally accepted accounting practice applies, has the
meaning given to it by generally accepted accounting
practice; or

(b) in relation to a statement, fact, or item to which
generally accepted accounting practice does not apply,
means that the inclusion or omission of the statement,
fact, or item, or the method of treating the disclosure of
the statement, fact, or item, would be likely to influence
a reasonable user of the disclosure statement

NZ IAS 1—

(a) means New Zealand Equivalent to International
Accounting Standard 1 (Presentation of Financial
Statements), approved under the Financial Reporting
Act 1993; and

(b) includes amendments to that standard

NZ IAS 24—

(a) means New Zealand Equivalent to International
Accounting Standard 24 (Related Party Disclosures),
approved under the Financial Reporting Act 1993; and

(b) includes amendments to that standard

NZ IAS 32—

(a) means New Zealand Equivalent to International
Accounting Standard 32 (Financial Instruments:
Disclosure and Presentation), approved under the
Financial Reporting Act 1993; and

(b) includes amendments to that standard

NZ IAS 39—

(a) means New Zealand Equivalent to International
Accounting Standard 39 (Financial Instruments:
Recognition and Measurement), approved under the
Financial Reporting Act 1993; and

(b) includes amendments to that standard



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 40


Gazette.govt.nz — PDF NZ Gazette 2008, No 40




✨ LLM interpretation of page content

💰 Registered Bank Disclosure Statement Order 2008 (continued from previous page)

💰 Finance & Revenue
Banking, Disclosure, Statements, Registered Banks, Order in Council, Financial Instruments, Interest Rate Risk, Accounting Standards