New Accounting Standards for Public Benefit Entities
| This page provides Public Benefit Entities in the Not-for-Profit and Public Sectors a snapshot of new and amending standards to consider when preparing financial statements. |
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Not-For-Profit and Public Sector
Select your balance date for new standards requiring first-time adoption in each reporting period:
Application required for periods beginning on/after 1 January 2026
- 2024 Omnibus Amendments to PBE Standards (Amendments to PBE IPSAS 1)
- Insurance Contracts in the Public Sector
Application required for periods beginning on/after 29 September 2025
Application required for periods beginning on/after 29 September 2025
- Amendments to XRB A2 resulting from the Regulatory Systems (Economic Development) Amendment Act 2025
There are no new standards or amending standards to apply for periods beginning 1 January 2025.
There are no new standards or amending standards to apply for periods beginning 1 January 2025.
There are no new standards or amending standards to apply for periods beginning 1 January 2025.
Application required for periods beginning on/after 1 January 2024
Application required for periods beginning on/after 1 January 2024
Application required for periods beginning on/after 1 January 2024