Financial Reporting Act 2013

External Reporting Board, standards, and provisions that apply to other enactments - Standards - Tiers of financial reporting

30: Board must implement strategy for tiers of financial reporting

You could also call this:

"The Board must make a plan to help decide how to report finances at different levels."

Illustration for Financial Reporting Act 2013

The Board has to take reasonable steps to put a strategy into action. You can think of a strategy like a plan that helps the Board make decisions about different levels of financial reporting. The Board must do this to implement the strategy for tiers of financial reporting, which is part of the Financial Reporting Act 2013, and you can find more information about related laws, such as the one from 1993 No 106 s 34A(2).

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This page was last updated on 3 October 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4632936.

Topics:

Money and consumer rights > TaxesBusiness > Industry rules

29: Tiers of financial reporting for different classes of reporting entities, or

"Rules for what financial information different groups must share"

31: Minister may approve variation or replacement of strategy, or

"The Minister can say yes or no to changing a plan, and must consider important matters when making this decision."

Part 2External Reporting Board, standards, and provisions that apply to other enactments
Standards: Tiers of financial reporting

30Board must implement strategy for tiers of financial reporting

The Board must take reasonable steps to implement the strategy.

Compare

1993 No 106 s 34A(2)