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Financial Reporting Act 2013

Preliminary provisions

9AA: Meaning of climate-related disclosure framework

You could also call this:

"What a climate-related disclosure framework means in the Financial Reporting Act 2013"

Illustration for Financial Reporting Act 2013

When you look at the Financial Reporting Act 2013, you will see that it talks about a climate-related disclosure framework. You comply with this framework if your statements, reports, or other information follow applicable climate standards. You also need to follow an authoritative notice for matters that the climate standards do not cover. You can find more information about the changes to this act by looking at the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act 2021. This helps you understand what you need to do to comply with the climate-related disclosure framework.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS592158.

Topics:
Money and consumer rights > Banking and loansEnvironment and resources > Climate and energyBusiness > Industry rules
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9: Obligation to comply with generally accepted accounting practice prevails, or

"Companies must follow standard accounting rules when making financial statements."

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9A: Transitional, savings, and related provisions, or

"Special rules to help when the law changes"

Part 1Preliminary provisions

9AAMeaning of climate-related disclosure framework

  1. In this Act, climate statements, group climate statements, a report, or other information complies with the climate-related disclosure framework only if the statements, report, or other information complies with—

  2. applicable climate standards; and
    1. in relation to matters for which no provision is made in applicable climate standards, an authoritative notice.

      Notes
      • Section 9AA: inserted, on , by section 36 of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act 2021 (2021 No 39).