Notice Type
General Notices
Notice (No. 18) of Approval of Financial Reporting Standard Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993 (``the Act''), that the Accounting Standards Review Board has approved, for the purposes of the Act, Financial Reporting Standard 32 ``Financial Reporting by Superannuation Schemes'' submitted to it by the Institute of Chartered Accountants of New Zealand. FRS 32 is to apply to all persons who are superannuation trustees (as defined in the Securities Act 1978) in respect of the general purpose financial reports of the superannuation schemes of which those persons are superannuation trustees other than schemes expressly exempted by the terms of the Standard. The Standard is to apply to accounting periods and interim accounting periods beginning on or after 1 July 1998. Copies of FRS 32 may be purchased from the offices of the Institute of Chartered Accountants of New Zealand, 40 Mercer Street (P.O. Box 11-342), Wellington and 2733 Ohinerau Street (P.O. Box 3334), Remuera, Auckland. Dated this 21st day of April 1998. JOHN C. HAGEN, Chairman, Accounting Standards Review Board.
Publication Date
30 Apr 1998

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