New Zealand Equivalent to International Financial Reporting Standard 1

First-time Adoption of New Zealand Equivalents to International Financial Reporting Standards


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Requires an entity to comply with each NZ IFRS which is effective when the entity prepares its first NZ IFRS financial statements, subject to limited exemptions explained in the Standard.

Applicable for reporting periods as indicated. Versions prior to the previous version can be found on the archive page.

  • NZ IFRS 1 – Periods beginning on or after
    1 Jan 2026 (early adoption permitted)

    Date of issue: Nov 2012

    Date compiled to: Mar 2025

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Amendments

  • Annual Improvements to NZ IFRS – Periods beginning on or after
    1 Jan 2026 (early adoption permitted)

    Date of issue: Aug 2024

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New version not yet mandatory

  • NZ IFRS 1 – This version is effective for reporting periods beginning on or after
    1 Jan 2027 (early adoption permitted)

    Date of issue: Nov 2012

    Date compiled to: Jan 2026

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Previous versions

  • NZ IFRS 1 – Periods beginning on or after
    1 Jan 2025 (early adoption permitted)

    Date of issue: Nov 2012

    Date compiled to: Feb 2024

    Download
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