Public Sector Specific Financial Instruments

Proposed non-authoritative amendments to PBE IPSAS 41 

We are seeking feedback on the proposed non-authoritative amendments to PBE  IPSAS 41 Financial Instruments which clarifies requirements for classifying, recognising, and measuring public sector specific financial instruments. The proposed amendments will ensure that PBE IPSAS 41 Financial Instruments continues to be aligned with IPSAS 41 Financial Instruments. These proposals are relevant for Tier 1 and Tier 2 public sector public benefit entities, that holds public sector specific financial instruments listed below.  

The proposals clarify the accounting treatment of the following monetary items unique to the public sector: 

  • Monetary gold; 
  • Currency in circulation;  
  • International Monetary Fund (IMF) special drawing rights (SDRs); and 
  • IMF quota subscriptions. 

We value your feedback.  

Consultation Document 


Submissions closed on 11 July 2022

Submissions received by the NZASB