Submissions closed on 22 April 2024.
The NZASB has not received any submissions to this consultation.
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
Amendments to NZ IFRS 10 and NZ IAS 28
About this consultation
The mandatory date for the amending standard Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to NZ IFRS 10 and NZ IAS 28) was for annual periods beginning on or after 1 January 2025.
In August 2015, the IASB indefinitely deferred the application of the amending standard to allow the IASB to consider the treatment proposed within the Equity Method project. While this project was nearing completion at the time of this consultation, it would have not been completed prior to the current mandatory date, and the IASB continued to defer the application of this amending standard.
Accordingly, we proposed deferring the mandatory date of the amending standard Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to NZ IFRS 10 and NZ IAS 28) to annual periods beginning on or after 1 January 2028.