On Sep. 10, NZ GVT gazetted anti-money laundering levy regulations.
NZ GVT gazetted the Anti-money laundering and countering financing of terrorism (levy) regulations 2026.
Follows NZ PRL Jul. 2025 introduced amendments re AML/CFT supervisor, see #262837.
Outline of Regulations
A reporting entity that is part of a leviable class must pay the levy specified for that class in column 3 of the levies table.
If it belongs to 2 or more leviable classes, it must pay the levy applicable to each class.
AML/CFT supervisor must calculate or estimate the levy, and issue an invoice to a reporting entity for the levy that the entity must pay for a financial year.
AML/CFT supervisor may adjust, reverse, or replace the invoice to ensure the amount of the levy payable for a financial year is correct.
A person who has been issued an invoice for a levy or has had an invoice adjusted, reversed, or replaced may challenge the invoice on the specified grounds.
AML/CFT supervisor must review the challenge, as well as confirm, adjust, reverse, or replace an invoice on review.
Unpaid levy is recoverable in a court of competent jurisdiction as a debt due to the Crown; a levy payable under the regulations is exclusive of goods and services tax.
Effectiveness
The regulations will come into force on Oct. 8, 2026, and the levies prescribed will apply to the financial year commencing on Jul. 1, 2027 and subsequent financial years.
