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Limited Partnerships Act 2008

General - Financial reporting

75E: Non-application of provisions if alternative financial reporting duties under financial markets legislation

You could also call this:

"You don't have to follow some financial reporting rules if you already report under other laws."

Illustration for Limited Partnerships Act 2008

If you are in a limited partnership, you do not have to follow certain rules about financial reporting for a particular accounting period. This is because you are already required to prepare financial statements for that period under other laws, such as subpart 3 of Part 7 of the Financial Markets Conduct Act 2013 or section 55 of the Financial Reporting Act 2013. You are exempt from following sections 75 to 75D if you are already preparing financial statements under these other laws.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6043644.

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75D: Financial reporting offences, or

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75F: Limited partnership may opt in, or

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Part 2General
Financial reporting

75ENon-application of provisions if alternative financial reporting duties under financial markets legislation

  1. Sections 75 to 75D do not apply to a limited partnership in relation to an accounting period if financial statements of the partnership are required to be prepared for that period under subpart 3 of Part 7 of the Financial Markets Conduct Act 2013 or section 55 of the Financial Reporting Act 2013.

Notes
  • Section 75E: inserted, on , by section 107 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).