Accounting Standards Alert 29 October 2026 |
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Two new standards have been issued that address regulatory assets and liabilities. NZ IFRS 20 introduces the accounting requirements, with consequential amendments being made to other NZ IFRS Standards. Both standards apply from 1 January 2029. |
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NZ IFRS 20 Regulatory Assets and Regulatory Liabilities |
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This Standard specifies the accounting requirements for the financial effects of regulation on financial performance and financial position. |
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Commencement and application |
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The Standard applies to the accounting periods beginning on or after 1 January 2029, for all Tier 1 and Tier 2 for-profit entities. |
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NZ IFRS 14 Regulatory Deferral Accounts is revoked on the mandatory date of NZ IFRS 20 (1 January 2029). |
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Consequential Amendments to NZ IFRS arising from NZ IFRS 20 |
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This Standard amends certain principal NZ IFRS standards to reflect the issuance of NZ IFRS 20 Regulatory Assets and Regulatory Liabilities. |
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Commencement and application |
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The Standard applies to the accounting periods in relation to which NZ IFRS 20 Regulatory Assets and Regulatory Liabilities applies. That is, application of the amendments is required for accounting periods beginning on or after 1 January 2029. |
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Tier 1 and Tier 2 for-profit entities – Need to Know next week |
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Tuesday 3 November 2026, Midday – 1:00pm. Register for the event. |
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Join us for a practical update on what Tier 1 and Tier 2 for-profit entities need to know now and what is coming next. We will cover: |
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NZ IFRS 18 implementation and recent IFRS Interpretations Committee decisions; Going concern; New and upcoming standards and amendments (including a quick look at NZ IFRS 20); The Accounting Standards Framework review; and Key IASB developments on the horizon.
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Have your say on the Accounting Standards Framework (ASF) |
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Need-to-know Accounting Updates |
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For details on other XRB events refer to our Events page. |
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