On this page, we provide the new and amending accounting standards for both Public Benefit Entities and
For-Profit entities.
New Accounting Standards
Recent Standards listed by issue date
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
|
Jan 2024 |
Lack of Exchangeability RDR |
1 Jan 2025 | Amending Standard |
|
May 2024 |
NZ IFRS 18 - Presentation and Disclosure in Financial Statements |
1 Jan 2027 | Standard |
|
Jun 2024 |
Amendments to the Classification and Measurement of Financial Instruments |
1 Jan 2026 | Amending Standard |
|
Aug 2024 |
Annual Improvements to NZ IFRS 2024 |
1 Jan 2026 | Amending Standard |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
|
Aug 2024 |
PBE Conceptual Framework Update |
1 Jan 2028 | Amendments to CF |
|
Oct 2024 |
2024 Omnibus Amendments to PBE Standards |
1 Jan 2026 | Amending Standard |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
|
Nov 2023 |
Lack of Exchangeability |
1 Jan 2025 | Amending Standard |
|
Nov 2023 |
Supplier Finance Arrangements - RDR |
1 Jan 2024 | Amending Standard |
|
July 2023 |
Supplier Finance Arrangements |
1 Jan 2024 | Amending Standard |
|
July 2023 |
International Tax Reform—Pillar Two Model Rules |
1 Jan 2023 | Amending Standard |
|
May 2023 |
Disclosure of Fee for Audit Firms' Services |
1 Jan 2024 | Amending Standard |
| May 2023 | Non-current Liabilities with Covenants | 1 Jan 2024 | Amending Standard |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
|
June 2023 |
Insurance Contracts in the Public Sector | 1 Jan 2026 | Amending Standard |
|
May 2023 |
Disclosure of Fee for Audit Firms' Services | 1 Jan 2024 | Amending Standard |
| May 2023 | Reporting Requirements for Tier 3 Not-for-Profit Entities | 1 Apr 2024 | Standard |
| May 2023 | Reporting Requirements for Tier 4 Not-for-Profit Entities | 1 Apr 2024 | Standard |
| May 2023 | Reporting Requirements for Tier 3 Public Sector Entities | 1 Apr 2024 | Standard |
| May 2023 | Reporting Requirements for Tier 4 Public Sector Entities | 1 Apr 2024 | Standard |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
| Dec 2022 | Editorial Corrections to NZ IFRS | Immediate | Editorial Corrections to NZ IFRS |
| Nov 2022 | Lease Liability in a Sale and Leaseback | 1 Jan 2024 | Amending Standard |
| Jan 2022 | Initial Application of NZ IFRS 17 and NZ IFRS 9 – Comparative Information | 1 Jan 2023 | Amending Standard |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
| Dec 2022 |
Editorial Corrections to PBE Standards |
Immediate | Editorial Corrections to PBE Standards |
| Aug 2022 |
Public Sector Specific Financial Instruments (Non-Authoritative Amendments to PBE IPSAS 41) |
1 Jan 2023 | Amending Standard |
| Jun 2022 |
Initial Application of PBE IFRS 17 and PBE IPSAS 41 – Comparative Information |
1 Jan 2023 | Amending Standard |
| Jun 2022 | 2022 Omnibus Amendments to PBE Standards | 1 Jan 2023 | Amending Standard |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
| Dec 2021 | Editorial Corrections to NZ IFRS | Immediate | Editorial Corrections to NZ IFRS |
| Dec 2021 |
Editorial Corrections: Financial Reporting (Inflation Adjustments) Regulations 2021 |
Immediate | Editorial Corrections: Financial Reporting (Inflation Adjustments) Regulations 2021 |
| Jul 2021 |
Amendment to NZ IAS 12 - Deferred Tax related to Assets and Liabilities arising from a Single Transaction |
1 Jan 2023 | Amending Standard |
| Apr 2021 |
Covid-19-Related Rent Concessions beyond 30 June 2021 |
1 Apr 2021 | Amending Standard |
| Mar 2021 | Disclosure of Accounting Policies | 1 Jan 2023 | Amendment to NZ IAS 1 |
| Mar 2021 | Definition of Accounting Estimates | 1 Jan 2023 | Amendment to NZ IAS 8 |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
| Dec 2021 | Editorial Corrections to PBE Standards | Immediate | Editorial Corrections to PBE Standards |
| Dec 2021 | Editorial Corrections: Financial Reporting (Inflation Adjustments) Regulations 2021 | Immediate | Editorial Corrections: Financial Reporting (Inflation Adjustments) Regulations 2021 |
| Feb 2021 | Editorial corrections to PBE Standards | Immediate | Editorial Corrections |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
| Dec 2020 | Editorial corrections to NZ IFRS | Immediate | Editorial Corrections |
| Sep 2020 | Interest Rate Benchmark Reform—Phase 2 | 1 Jan 2021 | |
| Aug 2020 | Amendments to NZ IFRS 17 | 1 Jan 2023 | |
| Aug 2020 |
Extension of the Temporary Exemption from Applying NZ IFRS 9 |
1 Jan 2021 | |
| Aug 2020 | Classification of Liabilities as Current or Non‑current—Deferral of Effective Date (to 1 January 2023) |
1 Jan 2022 | |
| Aug 2020 |
Going Concern Disclosures (Amendments to FRS-44) |
Annual periods ending on or after 30 September 2020 | |
| Jun 2020 | Reference to the Conceptual Framework | Jan 2022 | |
| Jun 2020 | Annual Improvements to NZ IFRS 2018–2020 | Jan 2022 | |
| Jun 2020 | Onerous Contracts—Cost of Fulfilling a Contract | Jan 2022 | |
| Jun 2020 | Property, Plant and Equipment Proceeds before Intended Use | Jan 2022 | |
| Jun 2020 | Covid-19-Related Rent Concessions | Jun 2020 | |
| Apr 2020 | Classification of Liabilities as Current or Non-current | Jan 2022 |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
| Nov 2020 | PBE Interest Rate Benchmark Reform—Phase 2 | 1 Jan 2021 | |
| Aug 2020 | Amendments to PBE IFRS 17 | 1 Jan 2023 | |
| Aug 2020 |
2020 Amendments to PBE FRS 48 - Deferral of effective date to 1 January 2022 |
1 Jan 2021 | Amending standard |
| Aug 2020 |
Going Concern Disclosures (Amendments to PBE IPSAS 1) |
Annual periods ending on or after 30 September 2020 | Amending standard |
| Feb 2020 | PBE Interest Rate Benchmark Reform | Jan 2020 | |
| Feb 2020 | Withdrawal of PBE FRS 46 (Amendments to PBE FRS 47) |
Jan 2021 |
|
| Feb 2020 | Revocation of PBE FRS 46 |
Jan 2021 |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
| Nov 2019 | Interest Rate Benchmark Reform | Jan 2020 | |
| Sep 2019 | 2019 Omnibus Amendments to NZ IFRS |
Jan 2020 |
|
| May 2019 | 2019 Amendments to XRB A1 Appendix A – When is an Entity a Public Benefit Entity? |
Jan 2020 |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
| Oct 2019 | PBE Standards Editorial Corrections (Oct 2019) | ||
| Aug 2019 | Uncertainty over Income Tax Treatments (Amendments to PBE IAS 12) |
Jan 2020 |
|
| Jul 2019 | PBE IFRS 17 Insurance Contracts |
Jan 2022 |
|
| Jul 2019 | PBE IPSAS 40 PBE Combinations |
Jan 2021 |
|
| May 2019 | 2019 Amendments to XRB A1 Appendix A – When is an Entity a Public Benefit Entity? |
Jan 2020 |
|
| Mar 2019 | PBE IPSAS 41 Financial Instruments |
Jan 2022 |
|
| Mar 2019 | Effective Date of PBE IFRS 9 |
Jan 2020 |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
| Dec 2018 | Definition of Material (Amendments to Conceptual Frameworks) | Jan 2020 | Conceptual Framework |
| Dec 2018 | Definition of Material (Amendments to NZ IAS 1 and NZ IAS 8) | Jan 2020 | |
| Dec 2018 | Definition of a Business (Amendments to NZ IFRS 3) | Jan 2020 | NZ IFRS 3 |
| Jul 2018 | RDR NZ IFRS 16 and NZ IAS 7 | Jan 2019 | |
| May 2018 | Amendments to the Scope of FRS-42 |
Jan 2019 | FRS-42 |
| May 2018 | New Zealand Equivalent to the IASB Conceptual Framework for Financial Reporting (2018 NZ Conceptual Framework) | Jan 2020 | Conceptual Framework |
| May 2018 | Updating References to the Conceptual Framework in NZ IFRS | Jan 2020 | Updating references to the Conceptual Framework |
| Mar 2018 | Plan Amendment, Curtailment or Settlement (Amendment to NZ IAS 19) | Jan 2019 | NZ IAS 19 |
| Feb 2018 | Annual Improvements to NZ IFRSs 2015–2017 Cycle | Jan 2019 | Annual Improvements |
| Issued | Standard/Amending standard | Mandatory date | Access the document |
|---|---|---|---|
| Nov 2018 | 2018 Omnibus Amendments to PBE Standards |
Jan 2019 Jan 2021 |
|
| Jul 2018 | 2018 Omnibus Amendments to Tier 3 and Tier 4 PBE Accounting Requirement | Jan 2019 |