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NEW ZEALAND GAZETTE, No. 9

24 JANUARY 2008

Copies can be bought or ordered by mail from Legislation Direct, PO Box 12357, Wellington. Please quote title and serial numbers. Prices for quantities supplied on application. Copies are also available over the counter at the following locations:

Bennetts Bookshop: Bowen House, Lambton Quay (PO Box 5334), Wellington; Bennetts Campus Bookshop: Auckland University of Technology, C Block Wellesley Street, Gate 4 Lorne Street (Private Bag 92006), Auckland; University of Waikato, Gate 5 Hillcrest Road (PO Box 13066), Hamilton; Located in Whitcoulls: Centreplace, Bryce Street (PO Box 19287), Hamilton; 38–42 Broadway Avenue (PO Box 1820), Palmerston North; 111 Cashel Street (Private Bag), Christchurch; 143 George Street (PO Box 1104), Dunedin.

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General Section

Accounting Standards Review Board

Financial Reporting Act 1993

Approval of the Amendments to New Zealand Equivalent to International Accounting Standard 32 Financial Instruments: Presentation and New Zealand Equivalent to International Accounting Standard 1 Presentation of Financial Statements−Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to NZ IAS 32 and NZ IAS 1) (Notice No. 81)

Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993 (“the Act”), that the Accounting Standards Review Board has approved the Amendments to New Zealand Equivalent to International Accounting Standard 32 Financial Instruments: Presentation and New Zealand Equivalent to International Accounting Standard 1 Presentation of Financial Statements−Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to NZ IAS 32 and NZ IAS 1), which has been submitted to it by the Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants.

The Amendments to NZ IAS 32 and NZ IAS 1 are:

• 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 periods beginning on or after 1 January 2009; and
• a Regulation for the purposes of the Regulations (Disallowance) Act 1989.

Earlier application of the Amendments to NZ IAS 32 and NZ IAS 1 is permitted 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 for an annual period beginning on or after 1 January 2005; and
• the International Accounting Standards Board has issued the finalised amendments to International Accounting Standard 32 Financial Instruments: Presentation and International Accounting Standard 1 Presentation of Financial Statements resulting from the Exposure Draft of Proposed Amendments to IAS 32 Financial Instruments: Presentation and IAS 1 Presentation of Financial Statements−Financial Instruments Puttable at Fair Value and Obligations Arising on Liquidation.

Copies of the Amendments to NZ IAS 32 and NZ IAS 1 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 (PO Box 11342), Wellington, and 27–33 Ohinerau Street (PO Box 3334), Auckland.

Dated this 21st day of January 2008.

WARWICK HUNT, Chairman, Accounting Standards Review Board.

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New Zealand Gazette 2008 Deadlines

Waitangi Day—6 February 2008

New Zealand Gazette Edition—7 February 2008

Commercial Section Notices: (Companies, Partnership, Insolvency and Land Transfer Acts)

The deadline for these notices will be 12.00 midday on Friday, 1 February 2008, due to the observance of Waitangi Day on Wednesday, 6 February 2008.

All other notices must be lodged at the New Zealand Gazette office by 12.00 midday on Monday, 4 February 2008.

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