Notice Type
General Section
Notice Title

PBE Standards for Tier 1 and Tier 2 Public Sector Public Benefit Entities (Notice No. 35)

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 the following suite of accounting standards:
PBE IPSAS 1 Presentation of Financial Statements
PBE IPSAS 2 Cash Flow Statements
PBE IPSAS 3 Accounting Policies, Changes in Accounting Estimates and Errors
PBE IPSAS 4 The Effects of Changes in Foreign Exchange Rates
PBE IPSAS 5 Borrowing Costs
PBE IPSAS 6 Consolidated and Separate Financial Statements
PBE IPSAS 7 Investments in Associates
PBE IPSAS 8 Interests in Joint Ventures
PBE IPSAS 9 Revenue from Exchange Transactions
PBE IPSAS 10 Financial Reporting in Hyperinflationary Economies
PBE IPSAS 11 Construction Contracts
PBE IPSAS 12 Inventories
PBE IPSAS 13 Leases
PBE IPSAS 14 Events after the Reporting Date
PBE IPSAS 16 Investment Property
PBE IPSAS 17 Property, Plant and Equipment (including DRC guidance)
PBE IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets
PBE IPSAS 20 Related Party Disclosures
PBE IPSAS 21 Impairment of Non-Cash-Generating Assets
PBE IPSAS 22 Disclosure of Information about the General Government Sector
PBE IPSAS 23 Revenue from Non-Exchange Transactions
PBE IPSAS 25 Employee Benefits
PBE IPSAS 26 Impairment of Cash-Generating Assets
PBE IPSAS 27 Agriculture
PBE IPSAS 28 Financial Instruments: Presentation
PBE IPSAS 29 Financial Instruments: Recognition and Measurement
PBE IPSAS 30 Financial Instruments: Disclosures
PBE IPSAS 31 Intangible Assets
PBE IPSAS 32 Service Concession Arrangements: Grantor
PBE IFRS 3 Business Combinations
PBE IFRS 4 Insurance Contracts
PBE IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
PBE IAS 12 Income Taxes
PBE IAS 34 Interim Financial Reporting
PBE FRS 42 Prospective Financial Statements
PBE FRS 43 Summary Financial Statements
PBE FRS 45 Service Concession Arrangements: Operator
PBE FRS 46 First-time Adoption of PBE Standards by Entities Previously Applying NZ IFRSs
PBE FRS 47 First-time Adoption of PBE Standards by Entities Other Than Those Previously Applying NZ IFRSs
Each standard:
- applies to all Tier 1 and Tier 2 public sector public benefit reporting entities and groups, other than where expressly exempted by the terms of any approved PBE accounting standard or by law;
- applies to annual periods beginning on or after 1 July 2014; and
- is a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Copies of the standards 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 20th day of May 2013.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.