Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993 (“the Act”), that the Accounting Standards Review Board has approved the Minor Amendments to New Zealand Equivalents to International Financial Reporting Standards (2008–1) (“NZ IFRSs
(2008-1)”), which has been submitted to it by the Financial Reporting Standards Board of the New Zealand Institute
of Chartered Accountants.
The minor amendments to NZ IFRSs (2008–1) are:
? to apply to all reporting entities and groups, the Crown and all departments, offices of Parliament and
Crown entities, and all local authorities (each of which
is defined in the Act) other than where expressly exempted by its terms, the terms of any other approved financial reporting standard or by law;
? to apply to annual periods beginning on or after 1 June 2008; and
? a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Earlier application of the Minor Amendments to NZ IFRSs (2008–1) is permitted only where an entity complies, or
has complied, with New Zealand Equivalents to International Financial Reporting Standard 1 First-time Adoption of
New Zealand Equivalents to International Financial Reporting Standards.
Copies of the Minor Amendments to NZ IFRSs (2008–1) may be inspected free of charge at, and will be made available for purchase from, the offices of the New Zealand Institute of Chartered Accountants, 40 Mercer Street (PO Box 11342), Wellington and 27-33 Ohinerau Street (PO Box 3334), Auckland.
Dated this 29th day of April 2008.
WARWICK HUNT, Chairman, Accounting Standards Review Board.