New Zealand Equivalent to International Financial Reporting Standard 20
Regulatory Assets and Regulatory Liabilities
Specifies the accounting requirements for the financial effects of regulation on financial performance and financial position.
Commencement and application
The Standard applies to the accounting periods beginning on or after 1 January 2029, for all Tier 1 and Tier 2 for-profit entities.
NZ IFRS 14 Regulatory Deferral Accounts is revoked on the mandatory date of NZ IFRS 20 (1 January 2029).
New version not yet mandatory
IASB Resources
The International Accounting Standards Board (IASB) issued IFRS 20 Regulatory Assets and Regulatory Liabilities (for which NZ IFRS 20 is based on and is equivalent to) and has developed supporting material.
This includes a basis for conclusions of the decisions made when developing the requirements, illustrative examples of the requirements, an effects analysis of the likely benefits and costs of the standard.
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The Basis for Conclusions explains the IASB's considerations in developing the requirements in IFRS 20. *This is restricted to those with NZ-assigned IP addresses only. |
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The Illustrative Examples show how the requirements in IFRS 20 apply in practice. *This is restricted to those with NZ-assigned IP addresses only. |
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The Effects Analysis describes the likely benefits and costs of the standard. |
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One page view of IFRS 20 - At a glance Outline of how IFRS 20 will improve accounting of regulatory assets and regulatory liabilities. |
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The Feedback Statement summarises stakeholder feedback and the IASB's response to feedback. |
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IFRS 20 Project Summary
The Project Summary gives an overview of the project in non-technical language. |
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IASB Webcast - Overview of IFRS Accounting Standard IFRS 20 This webcast—originally published on 2 March 2026 in advance of the Standard's issuance—gives an overview of IFRS 20 Regulatory Assets and Regulatory Liabilities. Access the slides here. |
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IASB Webcast - Preparing for IFRS 20 Implementation In this video IASB Vice-Chair Linda Mezon-Hutter explains how companies can prepare for IFRS 20 Regulatory Assets and Regulatory Liabilities. |
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IASB Webcast - Total Allowed Compensation and Differences in Timing This webcast—the second in a series on IFRS 20 Regulatory Assets and Regulatory Liabilities—explains how to determine total allowed compensation and identify differences in timing. To explore those two aspects, it focuses on common types of compensation that regulatory agreements might include in regulated rates |
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For further IFRS 20 resources provided by the IASB, refer to the IFRS 20 supporting material webpage.
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 22 October 2026:
- A copy of this document can be found at here.
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.