NEW ZEALAND GAZETTE, No. 20 — 5 MARCH 2015

New Zealand, other than where expressly exempted by its terms, the terms of any other approved accounting standard or by law;

• applies to public benefit entities and groups that applied NZ IFRS PBE and other New Zealand standards and pronouncements that have authoritative support within New Zealand;
• applies for reporting periods beginning on or after 1 April 2015, with early adoption not permitted; and
• is a disallowable instrument for the purposes of the Legislation Act 2012.

The standards that are revoked are set out in the appendices to this notice:

• Appendix A: Accounting standards and other pronouncements to be applied by Tier 3 For-profit Entities, these being the NZ IFRS Diff Rep Standards and Authoritative Notice applied by Tier 3 for-profit entities;
• Appendix B: Accounting standards and other pronouncements to be applied by Tier 4 For-profit entities eligible to apply Old GAAP, these being the Financial Reporting Standards and other pronouncements that have authoritative support within New Zealand applied by for-profit entities eligible to apply Old GAAP; and
• Appendix C: Accounting standards and other pronouncements to be applied by public benefit entities, these being NZ IFRS PBE and other New Zealand standards and pronouncements that have authoritative support within New Zealand applied by public benefit entities that apply NZ IFRS PBE.

Copies of the standard and the revocation notice 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 at www.xrb.govt.nz

Dated this 5th day of March 2015.

GRAEME MITCHELL, Chairman, External Reporting Board.

APPENDIX A

ACCOUNTING STANDARDS AND OTHER PRONOUNCEMENTS TO BE APPLIED BY TIER 3 FOR-PROFIT ENTITIES THAT ARE REVOKED

Standards

Various Annual Improvements 2009-2011 Cycle

NZ IFRS 1 (Diff Rep) First-time Adoption of New Zealand Equivalents to International Financial Reporting Standards

*Government Loans (Amendments to NZ IFRS 1 (Diff Rep))* (Optional application)

NZ IFRS 2 (Diff Rep) Share-based Payment

NZ IFRS 3 (Diff Rep) Business Combinations

NZ IFRS 4 (Diff Rep) Insurance Contracts

NZ IFRS 5 (Diff Rep) Non-current Assets Held for Sale and Discontinued Operations

NZ IFRS 6 (Diff Rep) Exploration for and Evaluation of Mineral Resources

NZ IFRS 7 (Diff Rep) Financial Instruments: Disclosures

*Disclosures—Offsetting Financial Assets and Financial Liabilities (Amendments to NZ IFRS 7 (Diff Rep))* (Optional application)

NZ IFRS 8 (Diff Rep) Operating Segments

NZ IFRS 9 (2009) (Diff Rep) Financial Instruments (Optional application)

NZ IFRS 9 (2010) (Diff Rep) Financial Instruments (Optional application)

NZ IFRS 9 (2013) (Diff Rep) Financial Instruments (Hedge Accounting and amendments to NZ IFRS 9 (Diff Rep), NZ IFRS 7 (Diff Rep) and NZ IAS 39 (Diff Rep)) (Optional application)

NZ IFRS 10 (Diff Rep) Consolidated Financial Statements (Optional application)

*Investment Entities (Amendments to NZ IFRS 10 (Diff Rep), NZ IFRS 12 (Diff Rep) and NZ IAS 27 (Diff Rep))* (Optional application)

NZ IFRS 11 (Diff Rep) Joint Arrangements (Optional application)

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