New Zealand Legislation: Acts

4C Exemption may apply to accounting period before exemption is granted

• An exemption under section 4B may, if the Securities Commission thinks fit, apply to an accounting period that commenced before the exemption is granted (including an accounting period that ended before the exemption is granted) if the exemption is granted before the financial statements or group financial statements for that period are required to be completed.

  Sections 4A to 4D were inserted, as from 18 June 2007, by section 6 Financial Reporting Amendment Act 2006 (2006 No 64). See section 23(3) and (4) of that Act regarding the accounting periods to which amendments apply. See clause 2(1) Financial Reporting Amendment Act 2006 Commencement Order 2007 (SR 2007/110).