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Financial Reporting Act 2013

External Reporting Board, standards, and provisions that apply to other enactments - Standards - Financial reporting standards

19A: Guidance for purposes of non-financial reporting

You could also call this:

"Help with reporting things that aren't about money"

Illustration for Financial Reporting Act 2013

The Board can give you guidance on reporting things that are not about money, like the things mentioned in section 17(2)(a)(i) to (iv). This guidance is to help you report these things in the best way possible. The guidance must not disagree with any financial reporting standards and must say that it is not binding.

The Board can give this guidance whether or not the government makes a special order under section 17(2). This does not limit what the Board can normally do. The guidance is to help with reporting on certain matters, and it is not a rule that you must follow.

You should know that the Board's guidance is not binding, and it must be consistent with financial reporting standards. The guidance is there to help you report things in a clear and transparent way, and it is not meant to be a strict rule.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS592168.

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

19AGuidance for purposes of non-financial reporting

  1. The Board may issue non-binding guidance that relates to non-financial reporting on 1 or more of the matters in section 17(2)(a)(i) to (iv).

  2. The purpose of the guidance is to facilitate best practice reporting on those matters.

  3. The guidance—

  4. must not be inconsistent with any financial reporting standard or authoritative notice; and
    1. must state that it is non-binding.

      1. Subsection (1)—

      2. applies regardless of whether an Order in Council is made under section 17(2):
        1. does not limit the general powers of the Board.

          Notes
          • Section 19A: inserted, on , by section 40 of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act 2021 (2021 No 39).