Ministerial exemption: The Ernst and Young Entities (Amendment)
Status: In force
Date Made
Date signed: 2026-09-17
Sectors
Lawyers,
Accountants
Enacting statement
In accordance with section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“the Act”), the Associate Minister of Justice hereby gives notice that she has amended the following exemption from the Act:
Ministerial Exemption: The Ernst & Young Entities
Commencement date
This exemption comes into force on 2026-09-18
End date
This exemption will expire on 2029-11-19
Exemption
On 19 November 2024, the Associate Minister of Justice granted an exemption to The Ernst & Young Entities from the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. The exemption related to The Ernst & Young (EY) entities’ formation of a designated business group (“DBG”) and was granted on the terms and conditions set out in the New Zealand Gazette notice, 21 November 2024, Notice No. 2024-go6004 (“Ministerial Exemption”).
Since the exemption was granted, EY Law Limited, one of the EY entities, has been dissolved and deregistered.
Accordingly, this notice amends the Ministerial Exemption so that all references to EY Law Limited are removed.
Conditions
The terms, conditions, and all other details of the Ministerial Exemption remain unchanged.
Statement of reasons
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
The Ernst & Young entities
The Ernst & Young entities (Corrigendum)