Recent Approvals

  • For-profit
  • Not-for-profit
  • Public Sector

On this page, we provide a full list of recently issued accounting standards by the XRB in order of issue date.

Effective dates fully set out in the relevant standard or amending standard. 

We have also developed two guides to help you identify new accounting standards which are effective based on your reporting period.


For-profit


New Zealand Accounting Standards effective for the first time from 1 January 2020

Select your balance date:

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Not-for-profitPublic Sector


New Zealand Accounting Standards effective for the first time from 1 January 2020

Select your balance date:

Download PDF


 2020          2019         2018

2021


For-profit


Issued Standard/Amending standard Effective date1 Access the document
Jul 2021

Amendment to NZ IAS 12 - Deferred Tax related to Assets and Liabilities arising from a Single Transaction 

 1 Jan 2023 Amending Standard
Apr 2021

Covid-19-Related Rent Concessions beyond 30 June 2021

 1 Apr 2021 Amending Standard
Mar 2021 Disclosure of Accounting Policies 1 Jan 2023 Amendment to NZ IAS 1
Mar 2021 Definition of Accounting Estimates 1 Jan 2023 Amendment to NZ IAS 8


Not-for-profitPublic Sector


Issued Standard/Amending standard Effective date1 Access the document
Feb 2021 Editorial corrections to PBE Standards Immediate Editorial Corrections

2020


For-profit


Issued Standard/Amending standard Effective date1 Access the document
Dec 2020 Editorial corrections to NZ IFRS Immediate Editorial Corrections
Sep 2020 Interest Rate Benchmark Reform—Phase 2 1 Jan 2021

Amending Standard

Aug 2020 Amendments to NZ IFRS 17 1 Jan 2023

Amending standard

Aug 2020

Extension of the Temporary Exemption from Applying NZ IFRS 9 
(Amendments to NZ IFRS 4)

1 Jan 2021

Amending standard

Aug 2020 Classification of Liabilities as Current or Non‑current—Deferral of Effective Date
(to 1 January 2023)
1 Jan 2022 

Amending standard

Aug 2020

Going Concern Disclosures

(Amendments to FRS-44) 

Annual periods ending on or after 30 September 2020 

Amending standard

Jun 2020 Reference to the Conceptual Framework  Jan 2022

Amending standard

Jun 2020 Annual Improvements to NZ IFRS 2018–2020 Jan 2022

Amending standard

Jun 2020 Onerous Contracts—Cost of Fulfilling a Contract Jan 2022

Amending standard

Jun 2020 Property, Plant and Equipment Proceeds before Intended Use Jan 2022

Amending standard

Jun 2020 Covid-19-Related Rent Concessions Jun 2020

Amending standard

Apr 2020 Classification of Liabilities as Current or Non-current Jan 2022

Amending standard


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Not-for-profitPublic Sector


Issued Standard/Amending standard Effective date1 Access the document
Nov 2020 PBE Interest Rate Benchmark Reform—Phase 2 1 Jan 2021

Amending Standard

Aug 2020 Amendments to PBE IFRS 17 1 Jan 2023

Amending standard

Aug 2020

2020 Amendments to PBE FRS 48 - Deferral of effective date to 1 January 2022

1 Jan 2021  Amending standard 
Aug 2020

Going Concern Disclosures 

(Amendments to PBE IPSAS 1)  

Annual periods ending on or after 30 September 2020  Amending standard 
Feb 2020 PBE Interest Rate Benchmark Reform Jan 2020

Amending standard

Feb 2020 Withdrawal of PBE FRS 46
(Amendments to PBE FRS 47)

Jan 2021

PBE FRS 47

Feb 2020 Revocation of PBE FRS 46

Jan 2021

PBE FRS 46


2019


For-profit


Issued Standard/Amending standard Effective date1 Access the document
Nov 2019 Interest Rate Benchmark Reform Jan 2020

Amending standard

Sep 2019 2019 Omnibus Amendments to NZ IFRS

Jan 2020

2019 Omnibus Amendments

May 2019 2019 Amendments to XRB A1 Appendix A – When is an Entity a Public Benefit Entity?

Jan 2020

XRB A1


Not-for-profitPublic Sector


Issued Standard/Amending standard Effective date1 Access the document
Oct 2019 PBE Standards Editorial Corrections (Oct 2019)  

Corrections

Aug 2019 Uncertainty over Income Tax Treatments (Amendments to PBE IAS 12)

Jan 2020

PBE IAS 12

Jul 2019 PBE IFRS 17 Insurance Contracts

Jan 2022

PBE IFRS 17

Jul 2019 PBE IPSAS 40 PBE Combinations

Jan 2021

PBE IPSAS 40

May 2019 2019 Amendments to XRB A1 Appendix A – When is an Entity a Public Benefit Entity?

Jan 2020

XRB A1

Mar 2019 PBE IPSAS 41 Financial Instruments 

Jan 2022

PBE IPSAS 41

Mar 2019 Effective Date of PBE IFRS 9 

Jan 2020

PBE IFRS 9


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2018


For-profit


Issued Standard/Amending standard Effective date1 Access the document
Dec 2018 Definition of Material (Amendments to Conceptual Frameworks) Jan 2020 Conceptual Framework
Dec 2018 Definition of Material (Amendments to NZ IAS 1 and NZ IAS 8) Jan 2020

NZ IAS 1

NZ IAS 8

Dec 2018 Definition of a Business (Amendments to NZ IFRS 3) Jan 2020 NZ IFRS 3
Jul 2018 RDR NZ IFRS 16 and NZ IAS 7 Jan 2019

NZ IFRS 16

NZ IAS 7

May 2018 Amendments to the Scope of
FRS-42
Jan 2019 FRS-42
May 2018 New Zealand Equivalent to the IASB Conceptual Framework for Financial Reporting (2018 NZ Conceptual Framework Jan 2020 Conceptual Framework
May 2018 Updating References to the Conceptual Framework in NZ IFRS Jan 2020 Updating references to the Conceptual Framework
Mar 2018 Plan Amendment, Curtailment or Settlement (Amendment to NZ IAS 19)   Jan 2019 NZ IAS 19
Feb 2018 Annual Improvements to NZ IFRSs 2015–2017 Cycle Jan 2019 Annual Improvements

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2018


Not-for-profitPublic Sector


Issued Standard/Amending standard Effective date1 Access the document
Nov 2018 2018 Omnibus Amendments to PBE Standards

Jan 2019

Jan 2021

2018 Omnibus Amendments

 Jul 2018 2018 Omnibus Amendments to Tier 3 and Tier 4 PBE Accounting Requirement Jan 2019

PBE SFR-A (NFP)

PBE SFR-C (NFP)

PBE SFR-A (PS)

PBE SFR_C (PS)


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