ED NZASB 2018-1

For-profit icon Tier 2 icon

RDR Proposals for NZ IFRS 16 and NZ IAS 7

These proposals are relevant for Tier 2 for-profit entities.

The New Zealand Accounting Standards Board (NZASB) has published for public comment Exposure Draft NZASB 2018-1 Proposed RDR for NZ IFRS 16 and NZ IAS 7.

ED NZASB 2018-1 proposes disclosure concessions for Tier 2 for-profit entities for NZ IFRS 16 Leases and paragraphs 44A–44E of NZ IAS 7 Statement of Cash Flows

There are currently no disclosure concessions in NZ IFRS 16 or in paragraphs 44A–44E (which were added to NZ IAS 7 by the issue of Disclosure Initiative (Amendments to NZ IAS 7) in May 2016).

The NZASB encourages you to read the Exposure Draft and provide your comments on the proposals.


Accessing the Consultation Documents

Commenting on the proposal

Send your comments—both formal or informal—by 23 April 2018 to the NZASB as follows:

Either by post to the:

Chief Executive
External Reporting Board
PO Box 11250
Manners Street Central
WELLINGTON 6142

OR by email to submissions@xrb.govt.nz.


Please also note:

  • We would appreciate receiving a copy of your comments in electronic form (preferably Microsoft Word format).  This helps us more efficiently collate and analyse comments. Please also specify the exposure draft number and title in your electronic file. 

  • Tell us on whose behalf you are making the comments (for example on behalf a group or an entity).

  • We intend publishing all comments on the XRB website, unless they may be defamatory. If you have any objection to this, we will not publish them. However, they will remain subject to the Official Information Act 1982 and, therefore, may be released in part or in full. The Privacy Act 1993 also applies.

  • If you have an objection to the release of any information contained in your comments, we would appreciate you identifying the parts of your comments to be withheld, and the grounds under the Official Information Act 1982 for doing so (e.g. that it would be likely to unfairly prejudice the commercial position of the person providing the information).