Plain language law

New Zealand law explained for everyone

195: Place accounting records to be kept
or “Where you must store your company's accounting records”

You could also call this:

“This section summarises which companies must follow financial reporting rules”

This part of the law is about financial reporting requirements for companies. You need to follow these rules if you’re part of certain types of companies.

You must follow these rules if you are:

A large company
A large overseas company doing business in New Zealand
A company with 10 or more shareholders (unless all the shareholders decide not to follow these rules)
A company with fewer than 10 shareholders, but only if shareholders who own at least 5% of the voting shares ask the company to follow these rules

Remember, this is just a simple guide to help you understand what this part of the law is about. It doesn’t cover everything in detail.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: 197: Non-application of subpart if alternative financial reporting duties under financial markets legislation

or “Companies with other financial reporting duties don't need to follow these rules”

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Companies Act 1993
Accounting records and financial reporting
196: Overview

Part 11 Accounting records and financial reporting
Financial reporting

196Overview

This subpart imposes financial reporting requirements on—
every large company; and
every large overseas company that carries on business in New Zealand; and
every other company with 10 or more shareholders (unless the shareholders of the company opt out of compliance); and
every other company with fewer than 10 shareholders if shareholders of the company holding at least 5% of the voting shares require the company to comply.