Mandatory Date of Amendments to NZ IFRS 10 and NZ IAS 28 (2024)
The amending standard Mandatory Date of Amendments to NZ IFRS 10 and NZ IAS 28 (2024) defers the mandatory date of Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to NZ IFRS 10 and NZ IAS 28) from 1 January 2025 to 1 January 2028.
Commencement and Application
Application of the amendments is required for accounting periods which begin on or after 1 January 2025.
Application is permitted for accounting periods that begin before 1 January 2025 but have not ended or do not end before 20 June 2024.