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 14 Regulatory Deferral Accounts.
NZ IFRS 14 Regulatory Deferral Accounts:
- applies to all 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 2016 (earlier application is permitted); 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 at
www.xrb.govt.nz
Dated this 14th day of March 2014.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.