NZ IFRS 1

First-time Adoption of New Zealand Equivalents to International Financial Reporting Standards

Requires an entity to comply with each NZ IFRS which is effective when the entity prepares its first NZ IFRS financial statements, subject to limited exemptions explained in the Standard.

  • NZ IFRS 1 – Periods beginning on or after
    1 Jan 2025 (early adoption permitted)

    Date of issue: Nov 2012

    Date compiled to: Feb 2024

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Amendments

  • Lack of Exchangeability – Periods beginning on or after
    1 Jan 2025 (early adoption permitted)

    Date of issue: Nov 2023

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  • Annual Improvements to NZ IFRS – Periods beginning on or after
    1 Jan 2026 (early adoption permitted)

    Date of issue: Aug 2024

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Previous versions

  • NZ IFRS 1 – This version is effective for reporting periods beginning on or after
    1 Jan 2023 (early application permitted)

    Date of issue: Nov 2012

    Date compiled to: Jan 2022

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  • NZ IFRS 1 – These amendments are effective for reporting periods beginning on or after
    1 Jan 2022 (early adoption permitted)

    Date of issue: Nov 2012

    Date compiled to: Jan 2021 (excludes NZ IFRS 17)

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Standards