NZASB Meeting 12 September 2018

Event Date 12 September

Date And Time

Location:
Level 7
50 Manners Street
Wellington

This event has already taken place.

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Here is a summary of the main matters considered:

PBE Combinations

The Board approved for issue NZASB ED 2018-4
PBE IPSAS 40 PBE Combinations and the accompanying Invitation to Comment.

We will issue the ED in the near future.

PBE Standard based on 
IPSAS 41 Financial Instruments

The Board considered the application of the PBE Policy Approach to IPSAS 41 Financial Instruments. The Board agreed to develop an exposure draft ED of a PBE Standard based on IPSAS 41.

Because this new standard would eventually replace PBE IFRS 9 Financial Instruments, the Board agreed to defer the mandatory effective date of PBE IFRS 9 to align with the proposed effective date of the new standard.

It will consider an invitation to comment and exposure draft at a future meeting.

PBE Standard based on 
IFRS 17 Insurance Contracts

The Board has previously agreed to develop a PBE Standard based on IFRS 17 Insurance Contracts. At this meeting it considered issues relating to the development of the exposure draft.

It will consider an invitation to comment and exposure draft at a future meeting.

Next NZASB meeting

Wednesday 31 October 2018 in Wellington.