✨ Banking Disclosure Statements
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 87 2133
5 Accounting periods for disclosure statements
(1) A full year accounting period is—
(a) the 12 month period that begins on the day after one balance date and ends on the next balance date;
(b) the period longer or shorter than 12 months that begins on the day after one balance date and ends on the next balance date due to—
(i) the date of the registered bank’s incorporation;
(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.
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NZ Gazette 2011, No 87
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Registered Bank Disclosure Statements
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💰 Finance & RevenueRegistered Banks, Disclosure Statements, Financial Reporting, Accounting Periods, Balance Dates