Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993 (“the Act”), that the Accounting Standards Review Board has approved Amendments to
New Zealand Equivalent to International Financial Reporting Standard 2 Share-based Payment – Vesting Conditions and Cancellations (NZ IFRS 2) which have
been submitted to it by the Financial Reporting
Standards Board of the New Zealand Institute of Chartered Accountants.
The amendments to NZ IFRS 2 are:
? to apply to all reporting entities and groups, the Crown and all departments, offices of Parliament and
Crown entities, and all local authorities (each of which
is defined in the Act) other than where expressly exempted by its terms, the terms of any other approved financial reporting standard or by law;
? to apply to annual periods beginning on or after 1 January 2009; and
? a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Early application of the amendments to NZ IFRS 2 is permitted.
Copies of the amendments to NZ IFRS 2 may be inspected free of charge at the offices of the New Zealand Institute of Chartered Accountants, 40 Mercer Street (PO Box 11342), Wellington and 27–33 Ohinerau Street (PO Box 3334), Auckland.
Copies will be made available for purchase from the Wellington office.
Dated this 18th day of February 2008.
WARWICK HUNT, Chairman, Accounting Standards Review Board.