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 NZ IFRS 9 (2013) Financial Instruments (Hedge Accounting and amendments to NZ IFRS 9, NZ IFRS 7 and NZ IAS 39).
NZ IFRS 9 (2013) Financial Instruments (Hedge Accounting and amendments to NZ IFRS 9, NZ IFRS 7 and NZ IAS 39):
- applies to Tier 1 and Tier 2 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 2017. Earlier application is permitted;
- takes effect from the date of the notification of its issue in the New Zealand Gazette pursuant to section 28(2)(a) and (b) of the Financial Reporting Act 1993; and
- is a disallowable instrument for the purposes of the Legislation Act 2012.
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
www.xrb.govt.nz
Dated this 10th day of December 2013.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.