✨ Financial Regulation and Civil Aviation
NEW ZEALAND GAZETTE, No. 16 — 19 FEBRUARY 2015
Replace clause 2(1) of Schedule 8 with:
"(1) If the registered bank assesses credit impairment allowances in accordance with NZ IAS 39, the information in subclause (2) in respect of the registered bank’s banking group."
- New Clause 2A in Schedule 8
After clause 2 of Schedule 8 insert:
"2A Charges to the statement of financial performance (NZ IFRS 9)
(1) If the registered bank measures loss allowances for financial instruments in accordance with NZ IFRS 9, the information in subclause (2) in respect of the registered bank’s banking group.
(2) The following information for the off quarter reporting period:
(a) the charge (credit) to the statement of financial performance associated with an increase or decrease in loss allowances measured at 12-month expected credit losses;
(b) the charge (credit) to the statement of financial performance associated with an increase or decrease in loss allowances measured at lifetime expected credit losses, showing separately the charge (credit) associated with:
(i) financial instruments that are not credit-impaired financial assets;
(ii) financial assets that are credit-impaired at the reporting date (but that are not purchased or originated credit-impaired);
(iii) trade receivables, contract assets or lease receivables for which the loss allowances are measured under NZ IFRS 9;
(c) the charge (credit) to the statement of financial performance associated with financial assets that are purchased or originated credit-impaired."
- Clause 4 of Schedule 8 amended
(1) In clause 4 of Schedule 8 insert subclause numbering “(1)” before “In respect”.
(2) After clause 4 of Schedule 8 insert:
"(2) If any item required to be disclosed by subclause (1) is not defined in the financial reporting standards that apply to the registered bank in its country of domicile, the registered bank must disclose information that corresponds as closely as possible to that item, provided such information is publicly available."
M. L. C. WEBSTER, Clerk of the Executive Council.
Explanatory note
This note is not part of the order, but is intended to indicate its general effect.
This order comes into force on 31 March 2015. It amends the Registered Bank Disclosure Statements (Overseas Incorporated Registered Banks) Order 2014, published in a Supplement to the New Zealand Gazette, 21 February 2014, No. 21, page 542. The purpose of this order is to update disclosure requirements for registered banks that are incorporated overseas, to reflect the revised approach to financial asset impairment that the External Reporting Board has implemented by issuing a new version of the financial reporting standard NZ IFRS 9.
This order is administered by the Reserve Bank of New Zealand
2015-au853
Civil Aviation Rule Part 95—Instrument Flight Procedures—Registration
Pursuant to Civil Aviation Rule Part 95.55, the following amendments were designated with effect from 19 February 2015:
- The following ATS terminal routes are amended:
Auckland RNAV SID RWY 05R REKIS ONE QUEBEC DEPARTURE
Taupo NDB A
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NZ Gazette 2015, No 16
✨ LLM interpretation of page content
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Registered Bank Disclosure Statements (Overseas Incorporated Registered Banks) Order 2014 Amendment Order 2015
(continued from previous page)
💰 Finance & Revenue19 February 2015
Bank disclosure, Overseas banks, Reserve Bank of New Zealand Act 1989, Financial regulation
- M. L. C. Webster, Clerk of the Executive Council
🚂 Civil Aviation Rule Part 95—Instrument Flight Procedures—Registration
🚂 Transport & Communications19 February 2015
Civil Aviation, Instrument Flight Procedures, Auckland RNAV SID, Taupo NDB A