Notice Type
General Section
Notice Title

Issued Accounting Standard: PBE IFRS 9 Financial Instruments (Notice No. 121)

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 PBE IFRS 9 Financial Instruments.

PBE IFRS 9 Financial Instruments:

  • applies to Tier 1 and Tier 2 public benefit 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 financial statements covering periods beginning on or after 1 January 2021 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:

Dated this 12th day of January 2017.

KIMBERLEY CROOK, Chair, New Zealand Accounting Standards Board.