Revision of Reduced Disclosure Regime (RDR) for Tier 2 For-Profit Entities

The New Zealand Accounting Standards Board (NZASB) and the Australian Accounting Standards Board (AASB) have jointly developed a proposed RDR decision-making framework.

When finalised, this framework will form a joint Policy Statement to be used for determining disclosure requirements for entities reporting in accordance with Tier 2 For-profit Accounting Requirements, that is, NZ IFRS Reduced Disclosure Regime (RDR).

The proposed framework will provide a more robust approach and consistent basis for developing Tier 2 disclosure requirements.

It has been applied to the disclosure requirements in NZ IFRS and, as a result, the NZASB is proposing changes to the disclosure requirements for Tier 2 for-profit entities.

We have made available the staff analysis document that applies the proposed RDR decision-making framework to the disclosures in NZ IFRS.

We would like to know your views on:

  1. the proposed RDR decision-making framework, which is contained in Appendix A of the Invitation to Comment; and
  2. the proposed amendments to the disclosure requirements for Tier 2 for-profit entities, which are contained in ED NZASB 2017-1 Amendments to RDR for Tier 2 For-profit Entities.

You can comment on any of the proposals. These can be in an email or letter and can be formal or informal.

You can send comments on the proposals in ED NZASB 2017-1 to the NZASB by 26 May 2017.

Read ED NZASB 2017-1 Amendments to RDR for Tier 2 For-profit Entities