Notice is hereby given, pursuant to section 24 of the Financial Reporting Act 2013, that the New Zealand Accounting Standards Board of the External Reporting Board has issued Statutory Funds (Amendments to Appendix C of NZ IFRS 4).
Statutory Funds (Amendments to Appendix C of NZ IFRS 4):
- applies to Tier 1 and Tier 2 for-profit reporting entities and groups, other than where expressly exempted by its terms, the terms of any other approved accounting standard or by law; and
- applies to reporting periods beginning on or after 1 July 2014, with early application permitted; and
- is a disallowable instrument for the purposes of the Legislation Act 2012.
Copies of the standard 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 1st day of April 2014.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.