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 New Zealand Equivalents to International Financial Reporting Standards 9 Financial Instruments (NZ IFRS 9), which has been submitted to it by the Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants.
NZ IFRS 9 is:
- 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 January 2013; and
- a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Earlier application of NZ IFRS 9 is permitted.
Copies of NZ IFRS 9 may be inspected free of charge at the offices of the New Zealand Institute of Chartered Accountants,
50 Customhouse Quay (PO Box 11342), Wellington, and 27-33 Ohinerau Street (PO Box 3334), Auckland.
A copy of NZ IFRS 9 is also available on the institute’s website at
Dated this 27th day of November 2009.
KEVIN SIMPKINS, Chairman, Accounting Standards Review Board.