New Zealand Legislation: Acts

4C Exemption may apply to accounting period before exemption is granted

• An exemption under section 4B may, if the FMA thinks fit, apply to an accounting period that commenced before the exemption is granted (including an accounting period that ended before the exemption is granted) if the exemption is granted before the financial statements or group financial statements for that period are required to be completed.

  Section 4C: inserted, on 18 June 2007, by section 6 of the Financial Reporting Amendment Act 2006 (2006 No 64).

  Section 4C: amended, on 1 May 2011, by section 82 of the Financial Markets Authority Act 2011 (2011 No 5).