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 Amendments to New Zealand Equivalent to International Accounting Standard 26 Accounting and Reporting by Retirement Benefit Plans (NZ IAS 26), which has been submitted to it by the Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants.
The amendments to NZ IAS 26 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 April 2011; and
- a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Earlier application of the Amendments to NZ IAS 26 is permitted.
Copies of the Amendments to NZ IAS 26 may be inspected free of charge at the offices of the New Zealand Institute
of Chartered Accountants, Level 7, Tower Building, 50 Customhouse Quay (PO Box 11342), Wellington, and Carlaw Park, 12-16 Nicholls Lane, Parnell (PO Box 3334), Auckland.
Copies are also available on the Institute’s website
www.nzica.com.
Dated this 2nd day of September 2010.
KEVIN SIMPKINS, Chairman, Accounting Standards Review Board.