Notice is hereby given, pursuant to section 31 of the Financial Reporting Act 1993, that the New Zealand Accounting Standards Board of the External Reporting Board has issued RDR Amendment to NZ IAS 36.
RDR Amendment to NZ IAS 36:
- applies to Tier 2 for-profit reporting entities and groups, other than where expressly exempted by its terms, the terms of any other approved accounting standard or by law;
- applies retrospectively to annual periods beginning on or after 1 January 2014. The amendment shall not be applied to periods (including comparative periods) in which the entity does not apply NZ IFRS 13 Fair Value Measurement; and
- is a disallowable instrument for the purposes of the Legislation Act 2012.
Copies of the standard may be inspected free of charge at the offices of the External Reporting Board (XRB), Level 7, 50 Manners Street, Wellington.
Copies are also available on the XRB's website
www.xrb.govt.nz.
Dated this 14th day of October 2013.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.