Public Sector Specific Financial Instruments

Proposed non-authoritative amendments to PBE IPSAS 41 

We are seeking feedback on the proposed non-authoritative amendments to PBE  IPSAS 41 Financial Instruments which clarifies requirements for classifying, recognising, and measuring public sector specific financial instruments. The proposed amendments will ensure that PBE IPSAS 41 Financial Instruments continues to be aligned with IPSAS 41 Financial Instruments. These proposals are relevant for Tier 1 and Tier 2 public sector public benefit entities, that holds public sector specific financial instruments listed below.  

The proposals clarify the accounting treatment of the following monetary items unique to the public sector: 

  • Monetary gold; 
  • Currency in circulation;  
  • International Monetary Fund (IMF) special drawing rights (SDRs); and 
  • IMF quota subscriptions. 

We value your feedback.  

Consultation Document 


Commenting on the Proposal(s) 

Comments are due by 11 July 2022. 

Send your comments—both formal and informal—using the form below. 

Please use this secure online form.


We intend on publishing all comments on the XRB website, unless they may be defamatory. If you have any objection to this, we will not publish them. However, they will remain subject to the Official Information Act 1982 and, therefore, may be released in part or in full. The Privacy Act 1993 also applies.