In a joint submission, CA ANZ and CPA Australia support the proposed concessions for Reduced Disclosure Requirements (RDR) for Tier 2 for-profit entities under NZ IFRS 18 Presentation and Disclosure in Financial Statements and NZ IAS 34 Interim Financial Reporting.

Feedback we received from our members is consistent with paragraph NZ BC1 of the Basis for Conclusions in the Exposure Draft that it is not expected that Tier 2 entities would issue public communications that include management-defined performance measures as defined in NZ IFRS 18, because they do not have public accountability. No other RDR concessions were highlighted by our members that should be made to NZ IFRS 18.