This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 April 2014, amend the Airport Authorities (Airport Companies Information Disclosure) Regulations 1999 so that the financial reporting requirements in those regulations are consistent with the core financial reporting principles and definitions in the Financial Reporting Act 2013 (the Act), which comes into force on the same date as these regulations.
The amendments made are to provisions of the regulations concerning what the disclosure statements of airport companies must comprise and the requirements that must be met in relation to audit reports. The meanings given to the terms applicable financial reporting standard, generally accepted accounting practice, and qualified auditor are also changed so that they are consistent with the Act.
Date of notification in Gazette: 27 February 2014.
These regulations are administered by the Ministry of Transport.