New Zealand Gazette – 2008 – No. 40

Page 958

✨ Bank Disclosure Requirements



958 NEW ZEALAND GAZETTE, No. 40 27 FEBRUARY 2008

2 Supplementary information on related party transactions

(1) The information in subclause (2) in respect of the registered
bank and banking group, to the extent not otherwise disclosed
to comply with NZ IAS 24.

(2) The nature and recorded value (or the total of outstanding
balances, as applicable), of each of the following types of
related party transactions:

(a) management contracts:
(b) agency relationships:
(c) taxation grouping arrangements:
(d) debts or other amounts owing which have been forgiven
    over the reporting period:
(e) transactions which have taken place at nil or nominal
    value, including a brief description of those transactions
    and a statement that no or nominal charge has been
    made.

(3) The information that is required to be disclosed under subclause
(2) must include comparative figures for the previous
corresponding period.

(4) The disclosure required by subclause (2) is subject to a
materiality criterion.

3 Supplementary information on income statement

(1) If included in the income statement, the information in
subclause (2) in respect of the registered bank and banking
group.

(2) The net gain or loss attributable to derivatives used for hedging
purposes that do not qualify as designated and effective
hedging instruments in terms of the provisions of NZ IAS 39.

(3) The information that is required to be disclosed under subclause
(2) must include comparative figures for the previous
corresponding period.

(4) The disclosure required by subclause (2) is subject to a
materiality criterion.

4 Accounting policies

The registered bank’s and banking group’s accounting policies
for recognising financial instruments, including—

(a) the basis for classifying, and for recognising and
    measuring, each of the following classes of assets:

    (i) 90 day past due assets:
    (ii)    other assets under administration; and

(b) accounting for sale and repurchase agreements, reverse
    sale and repurchase agreements or their option
    derivatives; and

(c) whether securities are accounted for on a trade or
    settlement date basis; and

(d) accounting for financial instruments that are used for
    hedging purposes; and

(e) accounting for leases; and

(f) accounting for foreign exchange contracts, interest rate
    contracts, and derivative instruments such as options,
    futures, and swaps; and


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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, Financial Information, Corporate Data, Credit Ratings, Profitability, Capital Adequacy, Asset Quality, Credit Exposure, Voting Securities, Guarantees, Audit Committees, Conflicts of Interest, Auditors, Registration Conditions, Legal Proceedings, Credit Rating, Related Party Transactions, Income Statement, Accounting Policies