Notice is hereby given, pursuant to the Legislation Act 2019, that the External Reporting Board has issued Amendments to XRB A2 resulting from the Regulatory Systems (Economic Development) Amendment Act 2025 (“Standard”).

Standard

Amendments to XRB A2 resulting from the Regulatory Systems (Economic Development) Amendment Act 2025:

• applies to all reporting entities and groups, other than where expressly exempted by its terms, the terms of any other approved accounting standard or bylaw;
• is secondary legislation for the purposes of the Legislation Act 2019; and
• is published on 21 August 2025 and takes effect on the 28th day after the date of its publication under the Legislation Act 2019 and commences to apply as set out below.

Commencement and application

The accounting periods in relation to which this Standard commences to apply are those accounting periods beginning on or after 29 September 2025 (as aligned with Schedule 6 of the Regulatory Systems (Economic Development) Amendment Act 2025).

Copies of this Standard may be inspected free of charge at the offices of the External Reporting Board (XRB), Level 6, 154 Featherston Street, Wellington. Copies are also available on the XRB’s website at www.xrb.govt.nz.

Dated this 21st day of August 2025.

JOHN KENSINGTON, Chair, External Reporting Board.