31 March 2026

Using our NZ IFRS 18 resources and standards navigator

We have refreshed our NZ IFRS 18 webpage to make it easier for you to access the resources you need on our website as you continue your implementation journey during 2026. The webpage includes:

• key information about NZ IFRS 18, including the standard itself and disclosure concessions for Tier 2 entities.

• links to guidance, communications, and other education materials – including our previous NZ IFRS 18 on the 18th alerts in 2025, and the International Accounting Standards Board’s (IASB) Basis for Conclusions and Illustrative Examples of reporting under IFRS 18.

• updates on international developments and supporting materials relevant to New Zealand entities.

Please refer to the NZ IFRS 18 webpage regularly for the latest information.  

We also encourage you to use our Standards Navigator to easily access the requirements in the standard.

Rising number of application queries on IFRS 18 being considered internationally

The IFRS Interpretations Committee (IFRIC) works together with the IASB to support the consistent application of IFRS Accounting Standards (see our website for more detail on how the IFRIC works).  

Over the last few months, the IFRIC has received several queries on the application of the new requirements in IFRS 18, for which they issued tentative agenda decisions for public comment. Topics of particular interest to New Zealand stakeholders relate to:

• Classification of certain types of foreign exchange differences and derivative gains and losses in the statement of profit or loss.

• Scope of the requirement to disclose expenses by nature.

• Presentation of taxes or other charges that are not income taxes within the scope of IAS 12 Income Taxes.

We expect final agenda decisions on those queries to be published once IFRIC completes their due process. We will update our NZ IFRS 18 webpage to include these final decisions. We will spotlight these decisions in future alerts, alongside new tentative agenda decisions on IFRS 18 that open for public comment in future.

Have your say on a new international consultation

• For entities that invest in associates and joint ventures: Amendments to the Fair Value Option for Investments in Associates and Joint Ventures – Proposed amendments to IAS 28  broadens the measurement scope to allow a fair value option.  

• More entities are considering whether to elect the fair value option as part of their implementation of IFRS 18; therefore, any amendments to IAS 28 are expected to be completed ahead of IFRS 18’s mandatory date of 1 January 2027.

Comments to the IASB close on 20 April 2026. If you decide to comment, we would appreciate receiving a copy of your submission via accounting@xrb.govt.nz.  

Upcoming event on 7 May – save the date

What more do you want to know?

We are keen to hear from you on areas of NZ IFRS 18 where additional information or guidance would be helpful as you work through the comparative year.

Please contact us at accounting@xrb.govt.nz with your questions, feedback, or suggestions for future topics.

This publication has been prepared by staff of External Reporting Board (XRB) for information or illustration purposes. It does not form part of the standards or authoritative publications issued by the XRB. It should not be used as a substitute for reading the relevant standard requirements of NZ IFRS 18, nor is it a substitute for professional accounting advice. The content of this newsletter is for general information only and does not constitute professional advice. ​The XRB expressly disclaims all liability for any loss or damages arising from reliance upon any information in this newsletter. ​