Notice is given, pursuant to the Legislation Act 2019, that the New Zealand Accounting Standards Board (acting under delegated authority of the External Reporting Board)

• has issued Consequential Amendments Arising From PBE IPSAS 50.

This standard:

• applies to all Tiers 1 and 2 public benefit reporting entities and groups, other than where expressly exempted by its terms, the terms of any other approved accounting standard or bylaw;
• was issued on 19 June 2026 under section 12(a) of the Financial Reporting Act 2013;
• takes effect on the 28th day after the date of this notice; and
• is secondary legislation for the purposes of the Legislation Act 2019.

Commencement and Application

The accounting periods in relation to which this standard commences to apply are:

1. For an early adopter, those accounting periods following and including, the early adoption accounting period.
2. For any other reporting entity, those accounting periods following, and including, the first accounting period for the entity that begins on or after 1 January 2027.

Early adopter means a reporting entity that is an early adopter under PBE IPSAS 50 Exploration for and Evaluation of Mineral Resources.

Early adoption accounting period means an accounting period that is an early adoption accounting period under PBE IPSAS 50 Exploration for and Evaluation of Mineral Resources.

This standard is available on the website of the External Reporting Board at www.xrb.govt.nz.

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 19th day of June 2026.

CAROLYN CORDERY, Chair, New Zealand Accounting Standards Board.