Financial Reporting Act 2013

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

43: Approval of Commissioner of Inland Revenue and other provisions relating to change of balance date

You could also call this:

"Getting approval to change your financial report deadline from the Inland Revenue Commissioner"

Illustration for Financial Reporting Act 2013

The Commissioner of Inland Revenue can approve a balance date for you, or let you change it, with or without conditions. You might need to change your balance date, which is like a deadline for your financial reports. If you do change it, you must not have more than 15 months between your old and new balance dates.

The Commissioner of Inland Revenue has the power to decide if your new balance date is okay. You should check with them if you want to make a change. They will let you know if it is approved or not.

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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=DLM4632957.

Topics:

Money and consumer rights > Taxes

42: Entity must have balance date in each calendar year, or

"Every year, you must pick a date to balance your accounts to keep track of your money."

44: Purpose, or

"What the law means by certain important words and phrases."

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

43Approval of Commissioner of Inland Revenue and other provisions relating to change of balance date

The Commissioner of Inland Revenue may approve a balance date, or a change of balance date, with or without conditions.
If a specified entity changes its balance date, the period between any 2 balance dates must not exceed 15 months.