Dated at Wellington this 17th day of November 2014.
Minister of Justice.
Statement of reasons
This notice, which comes into force on 1 December 2014, amends the Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Notice 2014 (the principal notice). In particular, it amends Part 2 of the Schedule of the principal notice, which grants class exemptions under section 157(1) of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act) in relation to certain superannuation schemes allowing contributions during unpaid leave of absence.
The Minister of Justice considers that it is appropriate to make the amendments because they are necessary to take account of changes made to the Act as a consequence of provisions of the Financial Markets Conduct Act 2013 and related legislation coming into force on 1 December 2014. In particular, they amend provisions of the exemptions so that—
Date of notification in Gazette: 27 November 2014.
This notice is administered by the Ministry of Justice.