NEW ZEALAND GAZETTE, No. 136

15 NOVEMBER 2012

Each standard in the suite of NZ IFRS Diff Rep:

• applies to all Tier 3 for-profit reporting entities and groups, other than where expressly exempted by the terms of any approved accounting standard or by law;
• applies to annual periods beginning on or after 1 December 2012, with early adoption allowed; except for:
  • NZ IFRSs 10–13 (Diff Rep), NZ IAS 19 (Diff Rep) (as amended in 2011), NZ IAS 27 (Diff Rep) (as amended in 2011), NZ IAS 28 (Diff Rep) (as amended in 2011), NZ IFRS 20 (Diff Rep), Government Loans, Presentation of Items of Other Comprehensive Income, Disclosures—Offsetting Financial Assets and Financial Liabilities and Offsetting Financial Assets and Financial Liabilities, which apply to annual periods beginning on or after 1 January 2013, with early adoption allowed; and
  • NZ IFRS 9 (2009) (Diff Rep) and NZ IFRS 9 (2010) (Diff Rep) which apply to annual periods beginning on or after 1 January 2015, with early adoption allowed; and
• is a Regulation for the purposes of the Regulations (Disallowance) Act 1989.

Copies of the standards may be inspected free of charge at the offices of the External Reporting Board (XRB), Level 7, 50 Manners Street, Wellington.
Copies are also available on the XRB’s website
www.xrb.govt.nz

Dated this 7th day of November 2012.

MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.

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Notice of Direction as to Authoritative Support – New Zealand Conceptual Framework for Financial Reporting (PBE) (Notice No. 24)

The New Zealand Accounting Standards Board of the External Reporting Board hereby gives direction, pursuant to section 24(1)(d) of the Financial Reporting Act 1993, that the New Zealand Conceptual Framework for Financial Reporting (PBE) (NZ Framework (PBE)) has authoritative support.

The NZ Framework (PBE) may be inspected free of charge at the offices of the External Reporting Board (XRB), Level 7, 50 Manners Street, Wellington.
Copies are also available on the XRB’s website
www.xrb.govt.nz

Dated this 7th day of November 2012.

MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.

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NZ IFRS PBE for Public Benefit Entities (Notice No. 25)

Notice is hereby given, pursuant to section 31 of the Financial Reporting Act 1993, that the New Zealand Accounting Standards Board of the External Reporting Board has issued the following suite of accounting standards (NZ IFRS PBE):

• NZ IFRS 1 (PBE) First-time Adoption of NZ IFRS PBE
• NZ IFRS 2 (PBE) Share-based Payment
• NZ IFRS 3 (PBE) Business Combinations
• NZ IFRS 4 (PBE) Insurance Contracts
• NZ IFRS 5 (PBE) Non-current Assets Held for Sale and Discontinued Operations
• NZ IFRS 6 (PBE) Exploration for and Evaluation of Mineral Resources
• NZ IFRS 7 (PBE) Financial Instruments: Disclosures
• NZ IFRS 9 (2009) (PBE) Financial Instruments
• NZ IFRS 9 (2010) (PBE) Financial Instruments
• NZ IAS 1 (PBE) Presentation of Financial Statements
• NZ IAS 2 (PBE) Inventories
• NZ IAS 7 (PBE) Statement of Cash Flows
• NZ IAS 8 (PBE) Accounting Policies, Changes in Accounting Estimates and Errors
• NZ IAS 10 (PBE) Events after the Reporting Period
• NZ IAS 11 (PBE) Construction Contracts
• NZ IAS 12 (PBE) Income Taxes
• NZ IAS 16 (PBE) Property, Plant and Equipment
• NZ IAS 17 (PBE) Leases
• NZ IAS 18 (PBE) Revenue
• NZ IAS 19 (PBE) Employee Benefits
• NZ IAS 20 (PBE) Accounting for Government Grants and Disclosure of Government Assistance
• NZ IAS 21 (PBE) The Effects of Changes in Foreign Exchange Rates
• NZ IAS 23 (PBE) Borrowing Costs
• NZ IAS 24 (PBE) Related Party Disclosures
• NZ IAS 26 (PBE) Accounting and Reporting by Retirement Benefit Plans