Notice is hereby given, pursuant to the Legislation Act 2019, that the New Zealand Accounting Standards Board of the External Reporting Board has issued Public Sector Specific Financial Instruments (Non-Authoritative Amendments to PBE IPSAS 41).

Public Sector Specific Financial Instruments:

• applies to all Tier 1 and Tier 2 public benefit reporting entities and groups, other than where expressly exempted by its terms, the terms of any other approved accounting standard or by law;
• commences from annual reporting periods beginning on or after 1 January 2023, with early application permitted; and
• is secondary legislation for the purposes of the Legislation Act 2019.

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 25th day of August 2022.

CAROLYN CORDERY, Chair, New Zealand Accounting Standards Board.