Skip to main content
New Zealand
Search
Search Statutory Reporting (ONESOURCE) Support Help and Support.

This article applies to:

  • Product: ONESOURCE Statutory Reporting
  • Subject: Templates

Version 25 - April 2026 (CUD release)

Content update information

This CUD release focuses on the legislative content changes for the period ending December 2026.
  • Financial period type: 12-Months (Annual)
  • Target industry type: Manufacturing, Services, and Generic (excluding Financial Services)

IFRS legislative changes

The following previously issued standards will apply for the first time for periods beginning on or after 1 January 2026:
  • Amendments to XRB A2 resulting from the Regulatory Systems (Economic Development) Amendment Act 2025 [effective date 29 September 2025]
  • Amendments to the Classification and Measurement of Financial Instruments – Amendments to NZ IFRS 9 and NZ IFRS 7 [effective date 1 January 2026]
  • Contracts Referencing Nature-Dependent Electricity – Amendments to NZ IFRS 9 and NZ IFRS 7 [effective date 1 January 2026].
The following standards have been issued and will apply for the first time in later periods, and are available for early adoption:
  • NZ IFRS 18 Presentation and Disclosure in Financial Statements [effective date 1 January 2027] (includes consequential amendments to multiple other standards, including New Zealand-specific disclosures in FRS 42, FRS 43 and FRS 44, and particularly NZ IAS 7 and NZ IAS 8, with the same effective date).
  • Sale or Contribution of Assets between an Investor and its Associate or Joint Venture – Amendments to NZ IFRS 10 and NZ IAS 28 [effective date 1 January 2028].
In July 2024, New Zealand’s External Reporting Board (XRB) issued a statement that it will not be issuing a New Zealand equivalent to IFRS 19 Subsidiaries without Public Accountability: Disclosures, choosing instead to retain New Zealand’s existing Reduced Disclosure Regime (RDR).
The following previously issued standards applied for the first time for periods beginning on or after 1 January 2025. For companies with non-December balance dates these will first apply during 2026 (e.g. years ended March 2026 or June 2026):
  • Lack of Exchangeability – Amendments to NZ IAS 21 and NZ IFRS 1.

Early adoption for accounting standards

Early adoption is permitted for:
  • NZ IFRS 18 Presentation and Disclosure in Financial Statements.
  • Sale or Contribution of Assets between an Investor and its Associate or Joint Venture – Amendments to NZ IFRS 10 and NZ IAS 28.

Related Content