The New Zealand Lotteries Commission

Date Made

Date signed: 2018-07-23

Sectors

Stored value instrument

Enacting statement

In accordance with section 157(6)(b) of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“Act”), the Associate Minister of Justice hereby gives notice that he has granted the following exemption from the Act:

Ministerial exemption: The New Zealand Lotteries Commission

Commencement date

This exemption comes into force on 2018-07-23

End date

This exemption will expire on 2023-06-30

Exemption

As the Associate Minister of Justice, and pursuant to section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009, I exempt the New Zealand Lotteries Commission (“Lotteries Commission”) from the following provisions of the Act.

1. 1. Sections 10–71 inclusive.

Conditions

This exemption is made subject to the condition that the Lotteries Commission must inform the Ministry of Justice of any changes that may affect the exemption within 14 days of when the change occurs.

Statement of reasons

The exemption has been made for the following reasons:

1. 1. The risk of money laundering/terrorist financing associated with the Lotteries Commission’s business activities is low;
   2. the Lotteries Commission, in the absence of an exemption, would be subject to an undue regulatory burden; and
   3. granting this exemption is unlikely to affect third-party reporting entities.

Contact

Any person wishing to provide comment on this notice should contact the AML/CFT Team at the Ministry of Justice by emailing amlcft.exemptions@justice.govt.nz.

Corrigendum

Previous exemptions

The New Zealand Lotteries Commission