Latest Updates

The following current accounting standards are new or have been updated. 

You can view Omnibus amendments separately below.   

 


PBE FRS 48

Service Performance Reporting

Not-for-profit Public Sector

Effective for accounting periods on or after 1 Jan 2021 (early adoption permitted)
Date of Issue: Nov 2017


Amendments to NZ IFRS 9

Prepayment Features with Negative Compensation

For-profit icon

Effective for reporting periods beginning 1 Jan 2019 (early adoption permitted)
Date of issue: Nov 2017


NZ IFRIC 23

Uncertainty over Income Tax Treatments

For-profit

Effective 1 Jan 2019
Date of issue: Aug 2017 


NZ IFRS 17

Insurance

For-profit

Effective 1 Jan 2021
Date of issue: Aug 2017


PBE IPSAS 39

Employee Benefits

Not-for-profit Public Sector

Effective 1 Jan 2019
Date of issue: May 2017 (New)


PBE IFRS 9

Financial Instruments

Not-for-profit Public Sector

Effective 1 Jan 2021
Date of issue: Jan 2017


PBE IPSAS 34

Separate Financial Statements

Not-for-profit Public Sector

Effective 1 Jan 2019
Date of Issue: Jan 2017 (New)


PBE IPSAS 35

Consolidated Financial Statements

Not-for-profit Public Sector

Effective 1 Jan 2019
Date of Issue Jan 2017 (New)


PBE IPSAS 36

Investments in Associates and Joint Ventures

Not-for-profit Public Sector

Effective 1 Jan 2019
Date of Issue Jan 2017 (New)


PBE IPSAS 37

Joint Arrangements

Not-for-profit Public Sector

Effective 1 Jan 2019
Date of Issue Jan 2017 (New)


PBE IPSAS 38

Disclosure of Interests in Other Entities 

Not-for-profit Public Sector

Effective 1 Jan 2019
Date of Issue Jan 2017 (New)


NZ IAS 40

Transfers of Investment Property (Amendments)

For-profit

Effective 1 Jan 2018
Date of issue: Feb 2017 (Updated)


NZ IFRIC 22

Foreign Currency Transactions and Advance Consideration 

For-profit

Effective 1 Jan 2018
Date of Issue: Feb 2017

Amendments