Notice is hereby given, pursuant to section 24 of the Financial Reporting Act 2013, that the New Zealand Accounting Standards Board of the External Reporting Board has issued Classification and Measurement of Share-based Payment Transactions (Amendments to NZ IFRS 2).

Classification and Measurement of Share-based Payment Transactions (Amendments to NZ IFRS 2):

• 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; and
• applies to annual periods beginning on or after 1 January 2018, with early application 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 16th day of August 2016.

KIMBERLEY CROOK, Chair, New Zealand Accounting Standards Board.