Notice is hereby given, pursuant to section 31 of the Financial Reporting Act 1993, that the New Zealand Accounting Standards Board of the External Reporting Board has issued Investment Entities (Diff Rep) (Amendments to NZ IFRS 10 (Diff Rep), NZ IFRS 12
(Diff Rep) and NZ IAS 27 (Diff Rep)) and consequential changes to External Reporting Board Standard A1 Accounting Standards Framework (For-profit Entities Update).
Investment Entities (Diff Rep) (Amendments to NZ IFRS 10 (Diff Rep), NZ IFRS 12 (Diff Rep) and NZ IAS 27 (Diff Rep)):
- applies to all Tier 3 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;
- applies to annual periods beginning on or after 1 January 2014, with early adoption allowed; and
- is a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
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
Dated this 12th day of December 2012.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.