For-profit entities
New amending standard issued
Amendments to For-profit Domestic Accounting Standards due to NZ IFRS 18 – Mandatory from 1 January 2027
These amendments primarily ensure that the presentation requirements for prospective and summary financial statements are consistent, where appropriate, with the requirements for the presentation of historical financial statements under NZ IFRS 18 Presentation and Disclosure in Financial Statements.
For more resources on NZ IFRS 18, please visit our NZ IFRS 18 webpage.
Current consultation
Upcoming event
Public benefit entities (PBEs)
Reminder for incorporated societies
The deadline to re-register under the Incorporated Societies Act 2022 is 5 April 2026. After re-registering, societies may be required to apply accounting standards issued by the XRB when preparing their financial statements.
To support societies through this transition, we are hosting a webinar on 11 September 2025 from 12:30pm – 1:10pm, covering the new financial reporting requirements. You can register here. Please feel free to share this link with others.
Current PBE consultations
Proposed new revenue and transfer expense accounting requirements for Tier 1 and Tier 2 public benefit entities – closes 1 December 2025.
We are hosting an in-person roundtable for public sector entities to discuss the proposed requirements. This roundtable will take place on Thursday 16 October 2025, 9:00am – 11:00am at the XRB Wellington offices. Please register here.
You can also provide your views on this consultation during one of our virtual drop-in sessions in November.
Exploration for and Evaluation of Mineral Resources & Stripping Costs in the Production Phase of a Surface Mine – closes 30 September 2025
New PBE consultation
