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Financial reporting
All companies and issuers are obliged to complete financial statements in accordance with the requirements of the Financial Reporting Act 1993 (FRA) and Financial Reporting Amendment Act 2006.
FRA calculator
Use our interactive guide below, as a simple and quick test to determine if your company has an ongoing or future filing obligation under the Financial Reporting Act 1993.
To begin using this calculator select 'Yes' or 'No' to answer the first question. Depending on your response we will ask you some further questions, or a statement will appear indicating the filing requirements.
![[icon] Note.](./medicons/med_icon_note.gif "[icon] Note.")
Notes
This quick test is a guide only. We strongly encourage you to send an email to the Compliance Team for confirmation of your company's FRA filing status.
If you are unable to work out the applicable section which applies to your specific case, please consult your own solicitor, accountant or professional advisor.
Only valid for those companies with an accounting period current at 21 January 2007 and a balance date after this date.
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Is your company an overseas company? |
Yes No |
| Company is required to file under S19(1)(a) Financial Reporting Act 1993 |
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Is your company an issuer? (has issued a prospectus) |
Yes No |
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Is your company a New Zealand company with overseas shareholding? |
Yes No |
| Company is not required to file accounts with the Companies Office under Financial Reporting Act 1993 |
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Is the New Zealand company a subsidiary of a company or body corporate incorporated outside New Zealand? |
Yes No |
| Company is required to file under S19(1)(c) Financial Reporting Act 1993 |
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Is the New Zealand company a 'large' company and are 25-50% of its voting shares held by a subsidiary of a company or body corporate incorporated outside New Zealand? |
Yes No |
| Company is required to file under S19(1)(b) Financial Reporting Act 1993 |
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Is the New Zealand company 'large' company and are 25-50% of its voting shares held by a company or body corporate incorporated outside New Zealand? |
Yes No |
| Company is required to file under S19(1)(b) Financial Reporting Act 1993 |
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Is the New Zealand company a 'large' company and are 25% or more of the shares in the New Zealand company owned by a person not ordinarily resident in New Zealand? |
Yes No |
| Company is required to file under S19(1)(b) Financial Reporting Act 1993 |
| Company is not required to file accounts with the Companies Office under Financial Reporting Act 1993 |
![[icon] Important information.](./medicons/med_icon_importantinfo.gif "[icon] Important information.")
Important information
If you are unable to work out your shareholding structure based on the above quick test, you can also view various examples and diagrams that illustrate different FRA scenarios.
Please check additional information on our website for possible filing exemptions under the Financial Reporting Act 1993 (e.g. Section 10A - non-active entities, power to grant exemption by Registrar, Securities Commission and Accounting Standards Review Board).
Audit requirements
The Companies Amendment Act (No 2) 2006 and the Financial Reporting Amendment Act 2006 removed the filing requirements for many overseas-constituted companies and companies with 25% or more overseas ownership. However, requirements for financial documents to be audited remain unchanged. It should be noted that section 196 of the Companies Act 1993 relating to audit requirements is currently under review.
![[icon] Further information.](./medicons/med_icon_furtherinfo.gif "[icon] Further information.")
Further information
A guide for small business
Which companies are required to file and who should prepare accounts. When and what documents should be prepared. Is an audit required and how are documents registered with the Companies Office.
Overseas companies
Overseas companies (including Australian overseas companies) are required to file financial statements.
Fast track your filing
The Fast Track Filing System makes filing financial statements easier and faster.
Financial Reporting Amendment Act 2006
On 15 November 2006, the Financial Reporting Amendment Act 2006 introduced some changes to the Financial Reporting Act 1993. The amendments to the Financial Reporting Act 1993 will come in to force at various stages, however changes to section 19 and the introduction of section 19A relating to the requirement to file financial statements with the Registrar came into force on 21 January 2007. They affected companies with balance date after this date.
Frequently asked questions
A list of answers to questions that have been frequently asked by clients.
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![[link to the New Zealand Legislation website].](http://www.companies.govt.nz/cms/images/header-images/footer-images/link-to-the-new-zealand-legislation-website/image_thumb)