Motor Trade Finance Group

Date Made

Date signed: 2026-04-30

Sectors

Financial leasing

Enacting statement

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

Commencement date

This exemption comes into force on 2026-04-30

End date

This exemption will expire on 2031-04-30

Exemption

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. 1. Section 5(d) relating to the definition of “designated business group” (DBG).

Conditions

This exemption is made subject to the following conditions:

1. 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.

Statement of reasons

This exemption has been made for the following reasons:

1. 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.

Contact

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 

Corrigendum

Previous exemptions

Motor Trade Finances Group

Motor Trade Finance Group