Financial Reporting Act 2013

External Reporting Board, standards, and provisions that apply to other enactments - Standard provisions relating to balance dates

40: Purpose and application

You could also call this:

"What this law is about and which companies it applies to"

Illustration for Financial Reporting Act 2013

This part of the law is about when companies have to report their finances. You need to know when a company's financial year ends, which is called its balance date. This law applies to some companies if another law says their balance date is decided by section 41.

The law is trying to help with the financial reporting of these companies. You will see that it talks about a "specified entity", which is just a fancy term for a certain type of company. This company has to follow the rules if another law refers to section 41 to decide its balance date.

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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=DLM4632952.

Topics:

Money and consumer rights > Consumer protectionBusiness > Industry rules

39B: Offence to hold out as qualified auditor or as approved person, or

"Don't pretend to be a qualified auditor if you're not"

41: Meaning of balance date, or

"When a company's financial year ends and its accounts are finalised, that's its balance date."

Part 2External Reporting Board, standards, and provisions that apply to other enactments
Standard provisions relating to balance dates

40Purpose and application

The purpose of this subpart is to provide for the balance dates of entities for the purposes of various enactments.
This subpart applies to an entity (a specified entity) if an enactment defines its balance date by reference to section 41.