New Zealand Gazette – 2011 – No. 21

Page 451

✨ Banking Regulations



28 FEBRUARY 2011 NEW ZEALAND GAZETTE, No. 21

(ii) a change of the registered bank’s balance date;

or

(c) for a first disclosure statement, the period determined by the Reserve Bank.

(2) Balance date means—

(a) in subclause (1), the balance date of the registered bank under section 7 of the Financial Reporting Act 1993; or

(b) for a first disclosure statement, the date determined by the Reserve Bank.

(3) A half year accounting period—

(a) if subclause (1)(a) applies, is the first 6 month period of a full year accounting period; or

(b) if subclause (1)(b) applies, is the period determined by the Reserve Bank under subclause (8).

(4) A first quarter accounting period—

(a) if subclause (1)(a) applies, is the first 3 month period of a full year accounting period; or

(b) if subclause (1)(b) applies, is the period determined by the Reserve Bank under subclause (8).

(5) A third quarter accounting period—

(a) if subclause (1)(a) applies, is the first 9 month period of a full year accounting period; or

(b) if subclause (1)(b) applies, is the period determined by the Reserve Bank under subclause (8).

(6) A fourth quarter accounting period is the period determined by the Reserve Bank under subclause (8) but occurs only if—

(a) subclause (1)(b) applies and the full year accounting period is 14 months or more; and

(b) after consultation with the registered bank, the Reserve Bank requires a fourth quarter accounting period.

(7) An off quarter accounting period is—

(a) a first quarter accounting period;

(b) a third quarter accounting period; or

(c) a fourth quarter accounting period.

(8) If subclause (1)(b) applies, the Reserve Bank may, after consultation with the registered bank, determine the length of any of the half year or off quarter accounting periods in the shorter or longer full year accounting period.

Part 1

General requirements for disclosure statements

6 General requirements for disclosure statements

(1) A disclosure statement may be—

(a) a full year disclosure statement;

(b) a half year disclosure statement;

(c) an off quarter disclosure statement, which may be—

(i) a first quarter disclosure statement;

(ii) a third quarter disclosure statement; or

(iii) if applicable, a fourth quarter disclosure statement; or

(d) a first disclosure statement.



Next Page →



Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2011, No 21




✨ LLM interpretation of page content

💰 Registered Bank Disclosure Statements (New Zealand Incorporated Registered Banks) Order 2011 (continued from previous page)

💰 Finance & Revenue
21 February 2011
Banking, Disclosure Statements, Registered Banks, Definitions, Financial Terms, Accounting Standards