Latest Updates

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

You can view Omnibus amendments separately at the base of this page.   

 


XRB A1

Application of the Accounting Standards Framework

For-profit Not-for-profit Public Sector

Effective for accounting periods on or after 1 Jan 2018
Date of Issue: Nov 2017


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

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