• Accounting Alert

    June 2017

Changes to reporting requirements for smaller Māori incorporations

Under the prior version of the Te Ture Whenua Māori Act 1993 (the Act), all Māori incorporations, irrespective of size were required to prepare audited general purpose financial reports (GPFR).

The Act has been amended to require that only ‘large’ Māori incorporations are required to prepare GPFR, and have these audited.

A Māori incorporation is ‘large’ if in each of the 2 preceding accounting periods, the total revenue of the Māori incorporation and its subsidiaries (if any) exceeds $10 million. All other Māori incorporations must prepare special purpose financial reports (SPFR) that at least meet the Inland Revenue minimum financial reporting requirements

These amendments are effective retrospectively for reporting periods beginning on or after 1 April 2014.

Non-large Māori incorporations that have held off filing financial statements with the Māori Land Court (the Court) in anticipation of this legislative change should now file any outstanding unaudited SPFR with the Court.


For more on the above, please contact your local BDO representative.