Accounting Standards Alert

Proposed new revenue and transfer expense accounting standards for Tier 1 and Tier 2 PBEs – closes 1 December 2025. You can find more information on these EDs, including educational support material, on our website.
We are holding the following events to hear your feedback on these proposals:
Public sector
- In-person roundtable for preparers in Wellington on 16 October 2025, 9:00am-11:00am. To register, please email accounting@xrb.govt.nz.
- Virtual roundtable for preparers on 5 November 2025, 9:30am-11:00am. Please register here.
- Virtual drop-in sessions on 4 and 10 November 2025. Please register for your preferred time here.
Not-for-profit sector
- Virtual roundtable for preparers on 29 October 2025, 9:00am-11:00am. Please register here.
- Virtual drop-in sessions on 6 and 12 November 2025. Please register for your preferred time here.
Amendments to PBE Standards: Specific IFRIC Interpretations – closes 1 December 2025.

Request for Information - Post-implementation Review of IFRS 16 Leases – closes 15 October 2025.
IFRIC tentative agenda decisions:
- Determining and Accounting for Transaction Costs (IFRS 9) – closes 6 October 2025.
- Embedded Prepayment Option (IFRS 9) – closes 6 October 2025.
- Updates to Committee’s agenda decisions for IFRS 18 – closes 6 October 2025.
- Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability (or Asset) (IFRS 18) – closes 25 November 2025.
- Economic Benefits from Use of a Battery under an Offtake Arrangement (IFRS 16) – closes 25 November 2025.

NZ IFRS 18 deep dive – Management-defined performance measures – Tuesday 7 October 2025, 12:30pm – 1:30pm. Please register here.

The next NZASB meeting is on Thursday 9 October 2025 – register to observe.