In accordance with section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“Act”), the Associate Minister of Justice hereby gives notice that she has granted the following exemption from the Act:

Ministerial Exemption: Motor Trade Finance Group

1. As the Associate Minister of Justice, and pursuant to section 157 of the Act, I exempt Motor Trade Finance Group (MTF) from the following provisions of the Act:
1. Section 5(d) relating to the definition of “designated business group” (DBG).
2. This exemption is made subject to the following conditions:
1. MTF must satisfy all other requirements of the definition of a “designated business group”.
2. Each member of the designated business group must be a wholly owned subsidiary of MTF or party to a franchise agreement with MTF, which is like each other’s agreement in all material respects.
3. MTF must inform the Ministry of Justice of any changes that may affect the exemption and/or conditions within 10 working days from when the change affecting the exemption occurs.
3. This exemption has been made for the following reasons:
1. MTF has managed consistent compliance with the previous exemption conditions.
2. MTF has the necessary industry experience and resources to maintain a comprehensive programme.
3. MTF can provide compliance training for its members to observe the patterns of transactions and suspicious behaviour across the MTF network.
4. The members of MTF carry out the same business activities and face the same risks, MTF is better placed than individual members of the group to manage ML/TF risk.
4. Date made: 29 April 2026.
5. This exemption comes into force on 30 April 2026.
6. This exemption will expire on 30 April 2031.
7. This exemption is secondary legislation for the purposes of the Legislation Act 2019.

This secondary legislation can be accessed on the administering agency’s (the Ministry of Justice) website: https://www.justice.govt.nz/justice-sector-policy/key-initiatives/aml-cft/info-for-businesses/ministerial-exemptions/decisions/.

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.