1 Title
2 Commencement
3 Principal Act amended
4 Long Title amended
5 Interpretation
6 Financial statements of issuers and group financial statements of issuers to be audited
7 Part 3 substituted
Part 3External Reporting Board
22 Continuation of External Reporting Board
23 Membership of Board
24 Functions of Board
25 Board must act independently
26 Consultation
27 Financial reporting standards
28 Miscellaneous matters relating to application of financial reporting standards
29 Auditing and assurance standards
30 Revocation of standard
31 Public notice
32 Disallowance of instruments and determinations by House of Representatives
33 Certificates of Board
34 Tiers of financial reporting for different classes of reporting entities and other entities
34A Board must develop and implement strategy for tiers of financial reporting
34B Process for preparing strategy for tiers of financial reporting
34C Minister may approve strategy
34D Board may vary or replace strategy for tiers of financial reporting
8 Privacy Act 1993
9 Regulations
10 New sections 42C and 42D inserted
42C Levies
42D Board must consult about request for appropriation
11 Schedule 1 repealed
12 Amendments to other enactments
13 Financial reporting standards continue in effect
14 Consultation not required in respect of certain auditing and assurance standards
15 Chairperson of Board continues in office but other members cease to hold office
ScheduleAmendments to other enactments relating to amendments to Financial Reporting Act 1993
Legislative history
The Parliament of New Zealand enacts as follows: