NZASB Request for comments on Statutory Funds (Amendments to Appendix C of NZ IFRS 4)

The NZASB has issued Exposure Draft NZASB 2013-4 Statutory Funds (Amendments to Appendix C of NZ IFRS 4).

ED NZASB 2013-4 proposes amendments to Appendix C of NZ IFRS 4 to require disclosure of information about solvency margins for life insurance funds, and so, align with the requirements of the Reserve Bank’s solvency standards for life insurers (and, to the extent possible, AASB 1038 Life Insurance Contracts).

ED NZASB 2013-4 does not propose any amendments to the Standards for public benefit entities. 

Comments are due no later than 20 December 2013.

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