Toyota New Zealand Limited

Date Made

Date signed: 2026-09-17

Sectors

Nonbank non-deposit taking lenders (NBNDTLs)

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 granted the following exemption from the Act:  

Ministerial Exemption: Toyota New Zealand Limited  

Commencement date

This exemption comes into force on 2026-09-18

End date

This exemption will expire on 2031-09-18

Exemption

As the Associate Minister of Justice, and pursuant to section 157 of the Act, I exemption Toyota New Zealand Limited (“Toyota”) from the following provisions of the Act: 

1. 1. Sections 10-71 (inclusive).  

For the purpose of this exemption:  
 
Dealer Finance Activity means the limited short-term credit facility Toyota provides to its Dealers, which enables the Dealers to delay payment back to Toyota. 

Conditions

This exemption is made subject to the following conditions: 

1. 1. The exemption only applies in relation to Toyota’s Dealer Finance Activity.  
   2. Toyota must maintain a close relationship with its Dealers.  
   3. Toyota must not accept cash payments from its Dealers.  
   4. Toyota must inform the Ministry of Justice and the Department of Internal Affairs of any changes that may affect the exemption within 10 working days of when the change occurs. 

Statement of reasons

This exemption has been made for the following reasons:  

1. 1. There is a low risk of money laundering and terrorism financing through Toyota because:
      1. Toyota's sole customers in the Dealer Finance Activity are its Dealers.   
      2. Toyota has close and ongoing relationships with its Dealers.  
      3. Toyota does not accept cash payments and only receives payments via regulated banks.  
   2. The obligations imposed on Toyota would be disproportionate given the low risk of money laundering and terrorism financing.  
   3. The exemption granted has a low impact on the integrity of the anti-money laundering and countering financing of terrorism system in alignment with the criteria in section 157 of the Act.   

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

Toyota New Zealand Limited