On 17 December 2021, the Associate Minister of Justice granted an exemption to Pacific Custodians (New Zealand) Limited (PCNZ) from the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 on the terms and conditions set out in the New Zealand Gazette, 12 January 2022, Notice No 2022-go74 (“Ministerial Exemption”).

In 2024, the ultimate holding company of PCNZ changed its name from Link Market Services Limited to MUFG Pension and Market Services (NZ) Limited.

For the avoidance of doubt, all references to Link Market Services Limited in the Ministerial Exemption now mean MUFG Pension and Market Services (NZ) Limited.

In addition, notice of this exemption was given with reference to section 157(6)(b) of the Act. This was incorrect. Section 157(6)(b) was repealed on 28 October 2021 by section 3 of the Secondary Legislation Act 2021. The Ministerial Exemption was granted in accordance with section 157 of the Act.

The terms, conditions and all other details of the exemption remain unchanged.

Any person wishing to provide comment on this notice should contact the Anti-Money Laundering and Countering Financing of Terrorism Team at the Ministry of Justice by emailing amlcft.exemptions@justice.govt.nz.