✨ Financial Reporting Amendments
NEW ZEALAND GAZETTE, No. 54
26 MAY 2014
1536
under the Financial Reporting Act 1993 and continuing in force under the Financial Reporting Act 2013"
(7) Replace the definition of "NZ IAS 32" with:
"NZ IAS 32 means New Zealand Equivalent to International Accounting Standard 32 (Financial Instruments: Presentation), approved under the Financial Reporting Act 1993 and continuing in force under the Financial Reporting Act 2013"
(8) Replace the definition of "NZ IAS 34" with:
"NZ IAS 34 means New Zealand Equivalent to International Accounting Standard 34 (Interim Financial Reporting), approved under the Financial Reporting Act 1993 and continuing in force under the Financial Reporting Act 2013"
(9) Replace the definition of "NZ IAS 39" with:
"NZ IAS 39 means New Zealand Equivalent to International Accounting Standard 39 (Financial Instruments: Recognition and Measurement), approved under the Financial Reporting Act 1993 and continuing in force under the Financial Reporting Act 2013"
(10) Replace the definition of "NZ IFRS 7" with:
"NZ IFRS 7 means New Zealand Equivalent to International Financial Reporting Standard 7 (Financial Instruments: Disclosures), approved under the Financial Reporting Act 1993 and continuing in force under the Financial Reporting Act 2013"
(11) Replace the definition of "subsidiary" with:
"subsidiary has the same meaning as in—
(a) section 6(1) of the Financial Markets Conduct Act 2013 (unless paragraph (b) applies);
(b) section 2(1) of the Financial Reporting Act 1993 if the Financial Reporting Act 1993 applies to the registered bank"
5 Clause 5 amended
Replace clause 5(2) with:
"(2) Balance date—
(a) in subclause (1),
(i) has the same meaning as in section 5(1) of the Financial Reporting Act 2013 (unless paragraph (ii) applies); or
(ii) means the balance date of the registered bank under section 7 of the Financial Reporting Act 1993 if the Financial Reporting Act 1993 applies to the registered bank; or
(b) for a first disclosure statement, means the date determined by the Reserve Bank."
6 Clause 25 amended
(1) Replace clause 25(2) with:
"(2) Unless subclause (2A) applies, the financial statements referred to in subclause (1) must be prepared in accordance with the requirements of the Financial
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NZ Gazette 2014, No 54
✨ LLM interpretation of page content
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Amendment Order for Registered Bank Disclosure Statements
(continued from previous page)
💰 Finance & Revenue19 May 2014
Banking, Regulation, Disclosure Statements, Amendment, Reserve Bank of New Zealand