Notice Type
Secondary Legislation
Notice Title

Issued Accounting Standard: Initial Application of NZ IFRS 17 and NZ IFRS 9—Comparative Information (Notice No. 193)

Notice is hereby given, pursuant to the Legislation Act 2019, that the New Zealand Accounting Standards Board of the External Reporting Board has issued Initial Application of NZ IFRS 17 and NZ IFRS 9—Comparative Information.

Initial Application of NZ IFRS 17 and NZ IFRS 9–Comparative Information:

  • 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 bylaw;
  • commences from annual reporting periods beginning on or after 1 January 2023, with early application permitted for entities that apply NZ IFRS 17 before 1 January 2023; and
  • is a disallowable instrument 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

Dated this 13th day of January 2022.

CAROLYN CORDERY, Chair, New Zealand Accounting Standards Board.