✨ Banking Disclosure Requirements
2448 NEW ZEALAND GAZETTE, No. 88 24 JUNE 2011
(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 in the financial reports or for treating financial instruments as unrecognised items, including—
(a) the basis for classifying, and for recognising and measuring, each of the following classes of assets—
(i) 90 day past due assets; and
(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 which 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
(g) accounting for acceptances and endorsements of bills of exchange; and
(h) accounting for loan transfers and the securitisation of financial assets.
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Registered Bank Disclosure Statement Order 2011
(continued from previous page)
💰 Finance & RevenueFinancial regulation, Disclosure statements, Banking terms, Publication requirements, Reserve Bank