NZ IFRS 16

Leases


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Establishes the accounting requirements for leases.

  • NZ IFRS 16 – Periods beginning on or after
    1 Jan 2024 (early adoption permitted)

    Date of issue: Feb 2016

    Date compiled to: Dec 2023

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    Additional material: NZ IFRS 16 IASB – 1 Jan 2024

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Amendments

  • Lease Liability in a Sale and Leaseback – Periods beginning on or after 1 Jan 2024 (early application permitted on a voluntary basis)

    Date of issue: Nov 2022

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    Additional material: Lease Liability in a Sale and Leaseback IASB – 1 Jan 2024

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Previous version

  • NZ IFRS 16 – This version is effective for reporting periods beginning on or after 1 Jan 2021 (early application permitted)

    Date of issue: Feb 2016

    Date compiled to: Sept 2020

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    Additional material: NZ IFRS 16 IASB - 1 Jan 2022

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Staff Guidance: Accounting for leases under
NZ IFRS 16 Leases

Key areas to consider for lessees applying NZ IFRS 16 in years after
first-time adoption

This guide highlights the ongoing requirements of NZ IFRS 16, some of the interplay with other Standards, and is intended to help you identify areas where you may need to undertake further analysis.

pdf NZ IFRS 16 Fact Sheet 719 KB

Sale and leaseback transactions

This XRB staff guidance highlights key accounting considerations for sale and leaseback transactions under NZ IFRS 16 and provides an overview of the narrow-scope amendments issued in November 2022.

pdf NZ IFRS 16 Sale and leaseback staff guidance June 2023 749 KB

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