Amendments to the Fair Value Option for Investments in Associates and Joint Ventures (Amendments to NZ IAS 28)
Amendments to the Fair Value Option for Investments in Associates and Joint Ventures (Amendments to NZ IAS 28) makes amendments to NZ IAS 28 Investments in Associates and Joint Ventures by amending the scope of entities that are eligible to measure investments in associates and joint ventures at fair value through profit or loss in accordance with NZ IFRS 9 Financial Instruments (the fair value option).
Commencement and application
This standard applies to the accounting periods in relation to which NZ IFRS 18 Presentation and Disclosure in Financial Statements applies. That is, application of the amendments is required for accounting periods beginning on or after 1 January 2027.
Amendments
Consistency with principles of responsible regulation
The External Reporting Board provides the following document relating to its review of this secondary legislation, and its process for developing it, for consistency with the principles of responsible regulation under the Regulatory Standards Act 2025:
- A consistency accountability statement on 18 August 2026:
- A copy of this document can be found at https://www.xrb.govt.nz/about-xrb/legislation/consistency-accountability-statements/cas-amendments-to-nz-ias-28
The External Reporting Board considers that a statement from the maker under section 14(1)(b) of the Regulatory Standards Act 2025 is not required for this secondary legislation.