Companies Act 1993

Accounting records and financial reporting - Financial reporting

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

You could also call this:

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

This part of the law doesn’t apply to your company or an overseas company for a certain time period if you already have to prepare financial statements under other laws. These other laws are subpart 3 of Part 7 of the Financial Markets Conduct Act 2013 or section 55 of the Financial Reporting Act 2013. This means you don’t have to follow these rules if you’re already following similar rules in other laws about financial reporting.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM320884.

Topics:
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196: Overview, or

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


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198: Interpretation, or

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Part 11 Accounting records and financial reporting
Financial reporting

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

  1. This subpart does not apply to a company or an overseas company in relation to an accounting period if financial statements of the company or overseas company, or group financial statements of the group that comprises the company or overseas company and its subsidiaries, 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 197: replaced, on , by section 30 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).