Virtual roundtable for Tier 1 and Tier 2 public sector preparers – proposed new revenue and transfer expense accounting requirements

The XRB has issued exposure drafts (EDs) for two new PBE Standards – PBE IPSAS 47 Revenue and PBE IPSAS 48 Transfer Expenses. These proposed standards aim to provide clearer, more consistent, and transparent requirements for accounting for revenue and transfer expenses by public benefit entities. Further details are available on our consultation page.

To support this consultation, we are hosting an online roundtable discussion with Tier 1 and Tier 2 public sector preparers on 5 November 2025, 9:30 am – 11:00 am.

We particularly encourage financial controllers and senior finance leaders from across the public sector to participate.

This will be a collaborative discussion, where XRB staff will listen to your feedback on the EDs, and capture your insights to help ensure these proposed accounting standards are fit for purpose in the New Zealand environment. This event is not an education session on the proposals in the ED.

The roundtable will provide you an opportunity to:

• Consider and exchange insights on the key proposals in PBE IPSAS 47 and PBE IPSAS 48;
• Connect with peers to discuss practical challenges that may arise in applying the proposed standards.
• Share views on the consultation questions, which cover:
  • cost-benefit considerations;
  • key principles for revenue and transfer expense accounting,
  • recognition of transactions with or without binding arrangements; and
  • adoption and implementation support that might be helpful going forward.

Register for this event here

If you are unable to attend this roundtable, we are also hosting an in-person roundtable for public sector preparers on Thursday 16 October, 9:00–11:00 AM at the XRB Offices, Wellington. More information on this in-person event is available here.

Alternatively, you are welcome to join one of our virtual drop-in sessions or provide feedback directly by emailing accounting@xrb.govt.nz.