New Zealand Legislation: Regulations
Regulations are laws made under Acts
Clause 5(1) is amended by inserting the following definition in its appropriate alphabetical order:
“International Financial Reporting Standards means—
“(a) International Financial Reporting Standards and International Accounting Standards that have been issued or adopted by the International Accounting Standards Board in accordance with the constitution of the International Accounting Standards Committee Foundation; and
“(b) final interpretations by the International Financial Reporting Interpretations Committee approved by the International Accounting Standards Board in accordance with that constitution”.
