NEW ZEALAND GAZETTE, No. 59

5 MAY 2011

Postage and Packaging Charge: Mail Orders

If two or more copies are ordered, the remittance should cover the cash price and the maximum charge for the total value of purchases as follows:

Copies can be bought or ordered by mail from Legislation Direct, PO Box 12418, Thorndon, Wellington 6144. Please quote title and serial numbers. Prices for quantities supplied on application. Copies are also available over the counter at the following locations:

Bennetts Bookshops: Bowen House, corner of Lambton Quay and Bowen Street (PO Box 5334), Wellington; University of Waikato, Gate 5 Hillcrest Road (PO Box 13066), Hamilton; Bennetts University Bookshop, Massey University, Palmerston North; Christchurch Polytechnic Institute of Technology, Madras Street, Christchurch.
Whitcoulls: 38–42 Broadway Avenue (PO Box 1820), Palmerston North; 143 George Street, Dunedin.
Borders: 291–297 Queen Street, Auckland.

rs2982

General Section

Accounting Standards Review Board

Financial Reporting Act 1993

Approval of the Amendments to New Zealand Equivalents to International Financial Reporting Standards to Harmonise With International Financial Reporting Standards and Australian Accounting Standards (Harmonisation Amendments) (Notice No. 126)

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 Equivalents to International Financial Reporting Standards to Harmonise with International Financial Reporting Standards and Australian Accounting Standards (Harmonisation Amendments), which has been submitted to it by the Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants.

The Harmonisation Amendments 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 July 2011; and
• a Regulation for the purposes of the Regulations (Disallowance) Act 1989.

Earlier application of the Harmonisation Amendments is permitted.

If an entity applies the Harmonisation Amendments from an earlier date, it shall disclose that fact and early adopt any related items in FRS-44 New Zealand Additional Disclosures.

Copies of the Harmonisation Amendments may be inspected free of charge at the offices of the New Zealand Institute of Chartered Accountants, Level 7, 50 Customhouse Quay (PO Box 11342), Wellington, and 12–16 Nicholls Lane, Parnell (PO Box 3334), Auckland.

Copies are also available on the institute’s website

www.nzica.com

Dated this 27th day of April 2011.

KEVIN SIMPKINS, Chairman, Accounting Standards Review Board.

gs2953

Approval of New Zealand Additional Disclosures (FRS-44) (Notice No. 127)

Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993 (“the Act”), that the Accounting Standards Review Board has approved Financial Reporting Standard No. 44 New Zealand Additional Disclosures (FRS-44), which has been submitted to it by the Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants.

FRS-44 is:

• 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 July 2011; and
• a Regulation for the purposes of the Regulations (Disallowance) Act 1989.

Earlier application of the FRS-44 is permitted.

If an entity applies FRS-44 from an earlier date, it shall adopt Amendments to New Zealand Equivalents to International Financial Reporting Standards to Harmonise with International Financial Reporting Standards and Australian Accounting Standards (Harmonisation Amendments) for the same period and shall disclose that fact.